Shares of Netflix fell more than 4% on July 18, after its revenue forecast missed investor expectations.

The company adjusted its annual revenue projection to US$44.8 billion to US$45.2 billion, up from the previous US$43.5 billion to US$44.5 billion.

However, executives said the increase was largely due to currency fluctuations, not organic growth.

A weaker US dollar overshadowed strong content performance and higher viewer engagement.

Netflix reported quarterly earnings per share of US$7.19, slightly beating analysts’ expectations of US$7.08, according to LSEG.

Despite this, investors raised concerns about the sustainability of foreign exchange benefits.

🔗 Source: Reuters

🧠 Food for thought

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