Netflix’s sales grew and its latest profit beat estimates, but its next-quarter profit forecast missed analysts’ estimate, and leaders said its shows could improve. These signs point in different directions, so the story does not clearly change its business outlook.
Netflix still showed sales growth and beat profit estimates, but its own forecast for next quarter fell short of analysts’ estimate. Leaders also said its shows could improve as YouTube and TikTok compete for viewers. The positive quarter keeps these concerns from pointing clearly one way.
YouTube is competing with Netflix for viewers, but the story reports no change to Alphabet’s own sales or business. It does not change Alphabet’s outlook.
Former Disney executive Peter Rice will lead Netflix’s content team, but the story reports no change to Disney’s own business. It does not change Disney’s outlook.
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