Netflix beat third-quarter profit estimates Tuesday but lowered its outlook. Shares fell in after-hours trading.
Why it matters: Revenue growth slowed to its lowest rate in three years, down from 17% a year earlier. Viewing per member has fallen, by analysts' estimates.
Where they split: Coverage differs on whether Netflix's slowdown is a deep problem or a rough patch within solid financials.
Center coverage, 9 sources: The center frames the quarter as solid results overshadowed by weaker guidance, set against Netflix's history of recoveries.
Left coverage, 9 sources: The left frames Netflix as a fading leader, stressing falling engagement, layoffs and the lack of new hits.
What’s next: Peter Rice replaces content chief Bela Bajaria. Netflix has not named a successor to film chief Dan Lin.
