Netflix beats Q3 targets, then cuts 1,000 jobs and two creative chiefs
The Ankler’s Sean McNulty reports Netflix matched or beat its Q3 forecasts and touted a working “business flywheel” on the earnings call.
Why it matters. Investors now discount management’s own narrative of strength, forcing Netflix’s new creative leadership to prove execution before the next earnings call.
Based on reporting by The Ankler — Sean McNulty · deadline.com — Nellie Andreeva · uk.themedialeader.com — Jack Benjamin · mediapost.com — Adam Buckman · puck.news — Matthew Belloni · Next in Media — Mike Shields.
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