Correction - BUZZ - Netflix shares fall as quarterly revenue growth slows

Correction to point 2: Third quarter revenue revised from $13.44 billion to $12.87 billion.

October 20 - ** Netflix (NFLX.O) shares fell 3.8% in after-hours trading to $66.12.

** NFLX third quarter revenue rose by 11.8% year-on-year to (link) $12.87 billion, in line with Wall Street expectations, but marking the slowest growth in nearly three years.

** The company lowered its 2026 advertising revenue forecast from about $3 billion to about $2.7 billion.

** By Tuesday’s market close, the stock had fallen about 27% year-to-date.

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