Netflix to boost program spending by 10% in 2026, crimping profit
The added spending will weigh on the company’s profit in the short term. For the current quarter, Netflix forecasts earnings of 76 cents a share, below Wall Street estimates of 82 cents. Sales will be $12.2 billion, in line with estimates.
The added spending will weigh on the company’s profit in the short term. For the current quarter, Netflix forecasts earnings of 76 cents a share, below Wall Street estimates of 82 cents. Sales will be $12.2 billion, in line with estimates.
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