Netflix Promises To ‘Do Better’
Following a major leadership shakeup, the streaming giant hopes to regain the attention of the American audience.
Via Gizmodo
In its third-quarter earnings report release on Tuesday, streaming giant Netflix beat many expectations, but still delivered some unwanted news to investors: viewer metrics, especially in the United States, could be better.
In the report, the company reported its slowest revenue increase in years, and also revised its outlook for the year, particularly upsetting investors by saying that it is now expecting $2.7 billion in ad revenue instead of the previously projected $3 billion.
Netflix’s position as the leading subscription-based…
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