Report
Netflix reports third straight quarter of slowing revenue growth amid content-leadership shake-up
The Financial Times reports Netflix’s subscriber logins were sliding even as it spends roughly $20 billion a year on programming.
TLDR
Semafor reports Netflix’s third straight quarter of slowing revenue growth and stagnating viewership after layoffs affecting 6% of staff and the dismissal of its content and film chiefs. The Financial Times reports subscriber logins were sliding. Co-CEO Ted Sarandos told analysts Netflix needed better execution in the US but no fundamental strategy shift.
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