Netflix faces engagement questions ahead of Q3 results

Netflix reports third-quarter results on October 20, with analysts expecting revenue to rise 11.8% to $12.87bn — its slowest Q3 growth in three years. US cancellations rose 16.6% year over year and average viewing fell to 49 hours a month from 66 in 2023.

• Q3 revenue expected at $12.87bn, up 11.8% year over year
• US cancellation rate rose 16.6% year over year
• Average viewing fell to 49 hours a month from 66 in 2023
• Company is cutting about 1,000 jobs, roughly 6% of staff