🔴 Netflix is trading 8.8% down today on weak Q3 guidance and reduced viewing metrics disclosure

Netflix is trading 8.8% down at $67.79 after issuing Q3 revenue and EPS guidance that fell below Wall Street expectations.

• The company announced it will reduce disclosure around viewing-hour metrics starting in 2027, shifting its strategic focus toward quality engagement over raw volume.
• Shares saw an initial decline of 4–8% in after-hours trading as investors reacted to the softer financial outlook and the upcoming changes in reporting transparency.