Netflix Faces User Engagement Concerns Ahead of Q3 Report
Netflix investors await the third-quarter report amid concerns over slowing user growth and increasing competition. Co-CEO Ted Sarandos acknowledged growth is slower than desired and highlighted live programming as a growth opportunity. Netflix faces challenges from lower-cost creator-led content and YouTube's rising market share. Q3 revenue growth is forecast at 11.8% to $12.87 billion, the slowest in three years. The company cut 6% of its workforce and saw leadership changes with Bela Bajaria leaving and Peter Rice joining.
ET Tech·



