Abnormal movement in US stocks | Q3 guidance lower than expected, Netflix (NFLX.US) opens with a sharp decline of over 10%

According to Zhishang Financial APP, on Friday, Netflix (NFLX.US) opened with a sharp drop of over 10%, marking the largest decline since April 2022, currently trading at $66.19. In terms of news, Netflix released its second quarter financial report after the US market closed on Thursday. Netflix's Q2 revenue was $12.6 billion, a 13% increase year-on-year, with earnings per share of 80 cents, basically in line with the market's average expectations. It is expected that the revenue growth will slow for the second consecutive quarter in the third quarter, further intensifying investors' concerns about the future prospects of this streaming media giant. The company expects revenue for this quarter to be $12.9 billion and earnings per share to be $0.82, both slightly lower than analysts' expectations.