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Netflix releases financial results for the third quarter

Outlets agree that third-quarter financial results met expectations, while differing on the reasons for subsequent stock movement.

2020.03.06. Netflix
Photo · CitizenGO / Wikimedia Commons · CC BY 2.0 · shown in black and white

At a glance

  • Third-quarter financial results met expectations according to multiple reports.34
  • Company shares experienced declines following fourth-quarter guidance releases.23

Netflix reported its third-quarter financial results, meeting Wall Street expectations.34

Despite these financial figures, company shares dropped following forecasts for the fourth quarter.23

Where sources agree

  • Netflix reported third-quarter financial results4 of 5

Who covered this

5 National

Sources

  1. 1CNBCNetflix posts third-quarter earnings beat, says viewer engagement remains 'healthy' ↗
  2. 2The Hollywood ReporterNetflix Beats Q3 Earnings Estimates But Braces Wall Street for 2026 Ad Sales Whiff ↗
  3. 3DeadlineNetflix Stock Falls Despite Solid Q3 Results On Lowered Q4 Revenue And Advertising Guidance ↗
  4. 4VarietyNetflix Q3 Revenue Meets Wall Street Estimates, Q4 Earnings Will Be Crimped by Costs Associated With Mass Layoffs ↗
  5. 5The New York TimesNetflix Is Great at Making Money. Its Problem Is Keeping Viewers Hooked. ↗

Based on reporting from these reputable newsrooms and reviewed by Orbit’s editors. A fact appears only when at least two sources report it. Orbit is not affiliated with these publishers.

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