Netflix shares slide on cautious third-quarter revenue outlook

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Netflix shares slide on cautious third-quarter revenue outlook

Variety · 2 hours ago

Netflix's shares fell as much as 9% in after-hours trading on Thursday to their lowest level in over a year, after the streaming giant paired in-line second-quarter results with a softer-than-expected outlook for the third quarter. The share slide underscores investor anxiety over whether Netflix's viewer engagement is cooling, meaning the forward guidance carried more…

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