Summary

Netflix’s third-quarter revenue grew 11.8% to $12.87 billion, in line with Wall Street expectations, as the streamer posted a stronger-than-expected profit of $3.7 billion, or 87 cents per share, boosted by subscriptions, advertising and pricing changes. But shares fell over 4% in after-hours trading on Tuesday after the company narrowed its full-year revenue forecast to $51.1 billion, a 13% increase over the prior year but the lower end of its previous guidance.

AI summaries can be wrong sometimes—always verify important details using the source article.