Will Netflix bounce back?
The streaming giant is set to report its third-quarter financials on Tuesday, looking to rebound from an underwhelming second quarter where it missed both Wall Street and internal estimates for new subscribers.
It marked the first time since early 2017 that Netflix missed on subscriber estimates, with the Los Gatos, California-based company falling 1 million new streamers short of the 6.2 million it had projected. The quarter perfectly summarized where Netflix stands as a public company right now; despite slightly beating earnings and revenue forecasts, Netflix shares have taken since taken a beating, dropping 17 percent since July.