Netflix posts slowest revenue growth in three years amid leadership overhaul
The Wall Street Journal’s Jessica Toonkel reports that Netflix’s third-quarter revenue rose 12% year over year to $12.9 billion, its weakest quarterly growth rate in three years, even as net income jumped roughly 44% to $3.66 billion.
Why it matters. Advertisers and content partners watching Netflix’s growth slowdown will scrutinize whether the programming overhaul can reignite viewing before margin gains run out.
Based on reporting by wsj.com — Jessica Toonkel · campaignlive.com — Nikita Mishra · The Ankler.
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