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Netflix shares fall despite record profits amid content weakness and stagnant market share

The Motley Fool +1 · ·by G4L

  1. 1Netflix third-quarter revenue grew 12% year-over-year to $12.9 billion.
  2. 2U.S. TV viewership market share remained stagnant at approximately 8%, while YouTube is approaching approximately 15%.
  3. 3Netflix shares showed a decline, falling 50% from their peak.

So what's the key point?

Netflix revenue reached $12.9 billion. While market share remained stagnant, the stock price fell 50% from its peak.

Source The Motley Fool +1 · View original ↗

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