Netflix forecast third-quarter revenue and earnings on Thursday that fell short of Wall Street targets and said it would cut the frequency of viewing-hours reports as the company seeks new avenues of growth.
Shares of Netflix fell nearly 8.6 per cent in after-hours trading to $67.99.
The company led by Co-CEOs Ted Sarandos and Greg Peters said it expected $12.86 billion in revenue from July through September and diluted earnings
