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● Netflix lowered itsAdvertisingestimate and announced cuts for roughly one in 17 employees.
● ReportedEarningsfell on acquisition-related costs while adjusted earnings stayed firm.
● TheOffer Pricedepends on a closing-price condition the market has not been meeting.
● Full-year guidance was raised for revenue, adjusted operatingEarningsand adjusted free cash flow.
● Fourth-quarter guidance from July sat below third-party estimates.
● The company is refinancing $2 billion of senior notes due next year.
● Results come after Monday's close, with a call at two in the afternoon Pacific.
● Trailing freeCash Flowreached roughly two-fifths of revenue, versus about one-seventh a year before.
● Catering orders average above $400 and come from recurring workplace customers.
● That quarter also showed aGAAPnet loss of about $23 million.
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