Total revenue of $9.825 billion clipped analysts consensus expectation for $9.77 billion.
The film slate includedBeverly Hills Cop: Axel FandRebel Ridge.
By 2025, production should be back to normal, he said.
Netflix’s offices in Los AngelesMario Tama/Getty Images
It closed today at $687.65 before perking back up 4% in after-hours trading due to the results.
The surge has prompted a bear-bull debate about whether the stock is overextended given the companys profit trajectory.
Nevertheless, the letter cautioned, Its still very early for our advertising initiative.
