Netflix posts third-quarter earnings beat, but shares fall on advertising and revenue guidance
Wall Street and investors will be looking for Netflix to provide additional details about the company's strategy following recent organizational changes
AI Summary
Netflix is set to report its quarterly earnings, with analysts estimating earnings per share at 82 cents and revenue at $12.87 billion. The company has recently laid off about 1,000 employees and lost its Chief Content Officer amid stagnating viewership and increased competition. Netflix continues to focus on its ad-supported tier as a revenue driver while exploring new growth opportunities, despite a 40% drop in its stock over the past year.