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NFLX stock falls 3% as company says it's in no rush to boost margins

Shares of Netflix have come under pressure today as the company's CFO speaks at a Bank of America conference. CFO Spencer Neumann offered a soft guide on operating margins in the 18-20% range, which is shy of the current consensus of 22.1%. He tried to soften that by saying that Netflix is 'nowhere near' peak margins but shares fell 3.6%.Neumann also cautioned that it's 'not easy' to build an advertising business from scratch. The company has rolled out an ad-supported tier and he says a 'health... Read More

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Posted: Sep 13 2023, 16:26

Author Name: forexlive

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