Netflix doesn’t want investors to worry, despite recent shake-ups, layoffs

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    "name": "Netflix",
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  "data": {
    "url": "https://www.nbcnews.com/business/media/netflix-reports-third-quarter-earnings-rcna604472",
    "title": "Netflix doesn’t want investors to worry, despite recent shake-ups, layoffs - NBC News",
    "excerpt": "Following a dramatic C-suite reshuffle and its largest round of layoffs in years, Netflix’s top executives assured investors on Tuesday that they have a plan to keep audiences hooked. The streaming giant announced that its third quarter revenue grew 12% year over year to $12.9 billion, while net income rose 48%, to nearly $3.7 billion. “Our engagement is solid, and it will allow us to continue to grow as we have for the last several years,” co-CEO Greg Peters said during the streamer’s third quarter earnings call, referring to the company’s performance in the U.S. “But we know that we can do better.” The revenue increase comes amid upheaval at Netflix, which last week laid off roughly 1,000 employees, or 6% of its workforce, and ousted chief content officer Bela Bajaria and top film executives Dan Lin and Doug Belgrad. “We believe we have a responsibility to make hard trade-offs in service of our members, our partners, our employees, our investors, and ultimately our long-term growth,” Peters said of the layoffs. “That was the simple thinking behind it, and what motivated these recent changes.” Over the last year, Netflix’s stock has dropped significantly, from a price of $124.14 in October of 2025 to $68.69 on Tuesday, due to slowing revenue growth. Netflix remains the biggest subscription streaming video service in the world, with more than 325 million global subscribers...",
    "summary": "Netflix reported third-quarter net income of nearly $3.7 billion.",
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    "published_at": "2026-10-20T23:07:33Z",
    "article_sentence": "The streaming giant announced that its third quarter revenue grew 12% year over year to $12.9 billion, while net income rose 48%, to nearly $3.7 billion.",
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