Concerns about growth drag down Netflix stock price

Concerns about growth drag down Netflix stock price

Currently, Netflix is facing fierce competition from YouTube, TikTok, and other short video content providers.

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From April to June, Netflix earned a net profit of $3.4 billion, which is more than 9% growth compared to the same period last year. Revenue reached $12.56 billion, slightly missing analysts’ forecasts. Revenue grew by 13.4% – the lowest in nearly three years.

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