Netflix forecast a second consecutive quarter of slowing sales growth, feeding investor anxiety about the streaming giant’s future.

The company projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts’ expectations. The shares fell as much as 9% in after-hours trading.Second-quarter results were in line with Wall Street’s consensus, but most of the attention has been on future performance.

Shares in Netflix have declined more than 40% over the last year, as the company’s pursuit of Warner Bros. Discovery Inc. and subsequent financial results have caused investors to worry that the leader in streaming has lost momentum.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Tim Stenovec and Carol Massar speak with:
Felix Gillette, Bloomberg News Media and Entertainment Editor
Eric Clark, Portfolio Manager, LOGO ETF and CIO, Accuvest Global Advisors
Geetha Ranganathan, Bloomberg Intelligence Senior Media Analyst
Ed Ludlow, Bloomberg Tech Host  

Netflix forecast a second consecutive quarter of slowing sales growth, feeding investor anxiety about the streaming giant&rsquo;s future. The company projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts&rsquo; expectations. The shares fell as much as 9% in after-hours trading.Second-quarter results were in line with Wall Street&rsquo;s consensus, but most of the attention has been on future performance. Shares in Netflix have declined more than 40% over the last year, as the company&rsquo;s pursuit of Warner Bros. Discovery Inc. and subsequent financial results have caused investors to worry that the leader in streaming has lost momentum. For instant reaction and analysis, Bloomberg Businessweek Daily hosts Tim Stenovec and Carol Massar speak with:
<ul>
<li>Felix Gillette, Bloomberg News Media and Entertainment Editor</li>
<li>Eric Clark, Portfolio Manager, LOGO ETF and CIO, Accuvest Global Advisors</li>
<li>Geetha Ranganathan, Bloomberg Intelligence Senior Media Analyst</li>
<li>Ed Ludlow, Bloomberg Tech Host &nbsp;</li>
</ul>

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Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology.&nbsp;You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET:&nbsp;<a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.&nbsp;

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Instant Reaction: Netflix Disappoints Again with Slow Growth 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/25328502-16cb-43a8-819b-b4890165297b/transcript