Netflix's slowing revenue growth trajectory indicates weakening subscriber monetization momentum
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
"U.S. retail sales unexpectedly fell -0.6% m/m in July, weaker than expectations of +0.1% m/m... The drop in July's headline retail sales was the largest in 14 months. Taken together with the weak July jobs report, these indicators suggest the American consumer may be losing momentum."
"Streaming giant Netflix reported results after market hours on Thursday which disappointed the street as the revenue was marginally below estimates... Revenue growth for the third quarter is projected to be 12% year-on-year, slowing further from the 13% reported this time around"
"The company is struggling to get viewers to stick with its shows for more than a season, and research firm M Science warned about weak user trends in June, with data suggesting the company was seeing its weakest quarterly global net additions since 2022."