Netflix Stock Falls 48% Amid Mixed Earnings and Competitive Pressures

Netflix reported mixed Q2 results with strong EPS but weak revenue and guidance. The stock dropped 7%, contributing to a 48% decline from its all-time high, driven by increased competition and the departure of co-founder Reed Hastings.

By Anthony Di Pizio · Motley Fool ·

Netflix Stock Falls 48% Amid Mixed Earnings and Competitive Pressures

Tickers: $AMZN $NFLX $WBD

Topics: guidance_downgrade revenue_miss stock_decline streaming

Read the full article at Motley Fool

More World news