WS #16247
Netflix reported a disappointing Q3 with EPS of $0.59, missing consensus by 28%, while revenue remained flat year-over-year. Q4 guidance also came in below expectations, prompting an 8% pre-market decline. The stock saw $8.9 million in aggressive premium put options, indicating significant hedging activity. This performance raises questions about subscriber growth saturation and content ROI in a competitive streaming landscape.
Netflix Earnings Miss
Netflix reported a disappointing Q3 with EPS of $0.59, missing consensus by 28%, while revenue remained flat year-over-year. Q4 guidance also came in below expectations, prompting an 8% pre-market decline. The stock saw $8.9 million in aggressive premium put options, indicating significant hedging activity. This performance raises questions about subscriber growth saturation and content ROI in a competitive streaming landscape.