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الاقتصادية
Netflix profits beat expectations
Netflix announced third-quarter profits that exceeded Wall Street expectations, with sales reaching $12.9 billion. However, it forecasted a slowdown in sales growth for the fourth quarter to 11.5%, below analyst predictions. This indicates a deceleration compared to the previous quarter and is attributed to a $300 million shortfall in advertising revenue compared to estimates. CEO Ted Sarandos admitted that the company is not growing fast enough and has begun implementing leadership changes, including dismissing content executives and reducing staff, amid a decline in content quality and fewer awards. Despite maintaining its leadership in the streaming sector with over 325 million subscribers, Netflix is experiencing a drop in engagement, with stock prices decreasing by more than 40% since the start of the year. The company faces increasing pressure on its growth strategy due to rising competition and content-related challenges.
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