Netflix Needs New Hits to Reverse $135 Billion Wipeout Ahead of Q3 Earnings
Updated
Updated · Bloomberg · Oct 20
Netflix Needs New Hits to Reverse $135 Billion Wipeout Ahead of Q3 Earnings
3 articles · Updated · Bloomberg · Oct 20
Summary
$135 billion in lost market value has shifted investor focus from Netflix's third-quarter figures to whether it can deliver blockbuster films and series again.
Tuesday's earnings report is expected to matter less than what content executives say about the next six months of programming.
That outlook has become central because Netflix needs fresh hits to halt its stock slide and rebuild confidence in its growth story.