Netflix reported Q3 profit above Wall Street estimates and Q3 revenue of $12.9
bln in line with consensus. The company guided Q4 revenue to $13.4 bln, below
analysts’ forecasts, implying a fourth straight slowdown in revenue growth to
about 11.5% YoY from 17.6% a year earlier. Netflix said its ad business will
deliver roughly $300 mln less than previously expected. Shares fell about 7%
after the release.
