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Netflix shares fall after company narrows guidance

The streaming company said it will provide fewer engagement updates, shifting investor focus to its ad-supported business and other performance indicators.

Reported · Written up by our desk · Guidance

Netflix shares fell after the company narrowed its guidance and signaled it will reduce the frequency of engagement updates it provides to investors, CNBC Markets reported.

The guidance change is expected to put more emphasis on how Netflix is performing in its ad-supported business, including engagement metrics that investors track for momentum in the division.

Investors are also looking for additional updates related to Netflix's consideration of potential M&A, as the company continues to evaluate strategic options, according to CNBC Earnings.

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