Telecommunications & Media
Netflix posts slowest quarterly revenue growth in 3 years, cuts ad sales forecast
Netflix posted its slowest quarterly revenue growth in three years, The Information reported on Monday. Third-quarter revenue rose 11.8 percent from a year earlier to $12.9 billion, in line with the company’s own forecast. Netflix projected 2026 annual revenue of $51.5 billion, up 13 percent. The company cut its ad revenue outlook to about $2.7 billion from about $3.0 billion and said the rollout of some ad product features was slower than expected.
