Post
陈副业
奈飞三季报利润超预期，盘后却跌了5.8%。
营收128.74亿美元、涨11.8%，每股赚0.87美元，市场原本只敢预期0.82，营业利润率34.6%。
跌的原因不在这一季，在下一季。四季度指引134亿低于预期，增速11.5%，连续第四个季度放缓，全年广告收入也从30亿下调到27亿。再叠加上裁员、内容负责人换人，市场怕的是增长故事讲不下去。
利润是过去，指引是未来，市场永远先给未来定价。$NFLX
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