Netflix falls premarket after cutting 2026 advertising revenue forecast
FROM THE WIRE · FINANCE.YAHOO.COM
What happened? Shares of streaming video giant Netflix (NASDAQ: NFLX) fell 6.4% in the pre-market session after the company lowered its 2026 advertising revenue forecast and projected decelerating fourth-quarter growth. The streaming service reported third-quarter revenue of…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe cut to the advertising outlook and below-consensus quarterly guidance weigh on a mega-cap.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Netflix shares fell 6.4% in premarket trading after the guidance cut.
- 02The company cut its 2026 advertising revenue outlook from about $3 billion to $2.7 billion.
- 03Fourth-quarter revenue is guided to $13.44 billion, below analyst estimates of $13.51 billion.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets