Netflix’s sales totaled $12.9 billion, equivalent to 127 billion kronor, in the most recent quarter. This was in line with analysts’ average forecast, according to Bloomberg.
Earnings amounted to $0.87 per share, above market expectations of $0.82 per share.
But according to Bloomberg, Netflix is forecasting a fourth straight quarter of declining sales growth. The growth rate is predicted to be 11.5 percent next quarter.
This prompted a market reaction. Fifteen minutes after the stock market closed, the share had fallen 4.4 percent in after-hours trading.