Netflix co-CEO Sarandos says 'we could do better' after weak forecast
LOS ANGELES: Netflix issued weaker-than-expected guidance for fourth-quarter profit and cut its full-year advertising forecast on Tuesday, days after the streaming pioneer laid off 6% of its workforce and replaced two of its top programming executives. Share...
LOS ANGELES: Netflix issued weaker-than-expected guidance for fourth-quarter profit and cut its full-year advertising forecast on Tuesday, days after the streaming pioneer laid off 6% of its workforce and replaced two of its top programming executives. Shares of Netflix fell nearly 6% to $64.66 in after-hours trading. The stock had fallen more than 40% in a year before the earnings report. Co-CEO Ted Sarandos said...