Netflix will report its quarterly earnings on Tuesday after market close, with earnings per share estimated at 82 cents and revenue expected at $12.87 billion. Last week, the company announced the layoff of about 6% of its workforce, roughly 1,000 employees, along with the departure of Chief Content Officer Bela Bajaria. The platform is facing stagnating viewership and growing competition from platforms like YouTube, while advertising has become a major revenue driver. Despite its cheaper, ad-supported tier helping to post solid profits, the stock has fallen about 40% in the past year.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
