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00:02Netflix shares fell Monday ahead of its third quarter earnings report on Tuesday.
00:06According to Benzinga, Wall Street expects earnings of $0.82 per share on revenue of $12.88 billion.
00:13Both estimates have declined since the company's previous report.
00:16Netflix forecast revenue of $12.86 billion, representing 12% annual growth.
00:21In the second quarter, revenue rose 13% to $12.56 billion,
00:26while earnings of $0.80 per share topped expectations.
00:29The company also projected more than $3 billion in advertising revenue for 2026.
00:34Meanwhile, Netflix dismissed film division chief Dan Lin after nearly three years, according to Variety.
00:40The streaming giant is undergoing a broader reset amid weak engagement, stagnant share,
00:44and its failed Warner Brothers bid, with a new film division chief yet to be named.
00:48Shares fell by 1.33% to $69.59 on Monday, according to Benzinga Pro.
00:55For all things money, visit Benzinga.com.
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