US Stock Movement | Q3 Guidance Misses Expectations, Netflix (NFLX.US) Opens with a Drop of Over 10%

Smart Finance APP reports that on Friday, Netflix (NFLX.US) opened with a plunge of over 10%, marking its largest decline since April 2022, and is currently trading at $66.19. On the news front, Netflix released its second-quarter earnings report after the U.S. market closed on Thursday. Netflix’s Q2 revenue reached $12.6 billion, an increase of 13% year-on-year, with earnings per share at $0.80, basically in line with the market average expectations. It is expected that in the third quarter, revenue growth will slow for the second consecutive quarter, further intensifying investor concerns about the future prospects of the streaming giant. The company expects this quarter's revenue to be $12.9 billion, with earnings per share of $0.82, both slightly below analysts’ expectations.