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Netflix Stock Sinks On Soft Guidance After Q1 Beat - Investor's Business Daily
Overview
Netflix beat first-quarter expectations but gave softer guidance for Q2 and announced Reed Hastings will leave the board, prompting a sharp stock drop. Versant’s own Q1 revenue decline — offset partially by platform and licensing growth — echoes industry-wide advertising and growth pressures, showing that even companies with pockets of strength face investor concern about near-term performance.
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ORGNetflixORGInvestor's Business DailyORGWall Street
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