Netflix shares reportedly drop 6.8% after hours despite a 44% profit jump
The New York Times reports Netflix acknowledged stagnant viewership, particularly in the U.S. and Canada, despite 12% revenue growth.
TLDR
A market post says Netflix shares fell 6.8% to $63.99 in after-hours trading despite a 44% quarterly profit jump and 24% viewership growth in India. Another post says its $12.87 billion in revenue and $3.7 billion in net income topped FactSet expectations. The New York Times reports stagnant viewership, particularly in the U.S. and Canada; the Financial Times points to a lack of hits and questions over Netflix's content strategy.
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