Netflix shares drop

Business

Finance

Vanassa McKenzieJournalist at Jamaica Observer

July 17, 2026

Share this article

Click to view full size

SAN FRANCISCO, United States (AFP)—Netflix shares dropped as much as 8 percent Thursday after results underwhelmed investors already worried about slowing engagement at the streaming giant.

The Los Gatos, California-based company is facing fierce competition from YouTube, TikTok and other short-form content providers.

Netflix recorded $3.4 billion in net profit between April and June, an increase of more than 9 percent over the same period a year earlier.

Business

Finance

Need the bigger picture?

Ask Gazette to explain what led here, surface earlier reports, or build a timeline from our coverage.

Open Ask Gazette

Sourced from Jamaica Observer. Visit their website to read the full story.

Share this article

Comments (0)

Related stories

See articles related to "Netflix shares drop"

2 months ago

Texas lawsuit accuses Netflix of illegal data collection

By Jamaica Observer

about 2 months ago

YouTubers draw Gen Z to theatres with ‘Backrooms’ and ‘Obsession’

By Jamaica Gleaner

3 days ago

Twelve US states sue to block Paramount’s Warner Bros takeover

By Jamaica Observer

20 days ago

Hollywood gets into the microdrama race

By Jamaica Gleaner

about 1 month ago

Fox Corp. to Buy Roku in US$22 Billion Streaming Deal

By Jamaica Gleaner

about 1 month ago

Fox to buy streaming pioneer Roku in a $22 billion deal

By Jamaica Gleaner

about 1 month ago

US clears Paramount’s $111 bn Warner Bros. takeover: reports

By Jamaica Observer

Download our mobile app

The portable companion to gazettE. Get notifications, track read articles, and more. The latest news from Trinidad and Tobago, in one place.

Get it for Android Get it for iOS