The Maturing Beast: What Netflix's Earnings Miss Means for Streaming Giants The latest earnings report from Netflix has sent shockwaves through the industry, with its guidance for third quarter revenue falling short of Wall Street estimates.
As a result, shares plummeted nearly 9% in after hours trading. Netflix's struggles with growth are not new.
The company faces increasing competition from upstarts like Disney+ and HBO Max, and its efforts to diversify through original content and international expansion have yielded diminishing returns.