Dossier
studio and streaming business acquisition
Coverage of studio and streaming business acquisition in the Nexus archive.
- Netflix posts higher Q2 results but shares drop due to lukewarm forecast
Netflix reported higher second-quarter profits driven by new membership signups and price increases, but its shares fell sharply in after-hours trading due to a revenue forecast below analyst expectations. The company's revenue grew 13% to $12.56 billion, and it withdrew its offer to acquire Warner Bros. Discovery's studio and streaming business in February.