Netflix predicts worst quarter for streaming growth in its history, stock falls 9% [Yahoo! Finance News]
Netflix, Inc. (NFLX)
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Source: Yahoo! Finance News
Netflix Inc. has come back down to earth after stratospheric gains during the opening months of the COVID-19 pandemic.he streaming giant on uesday reported 3.98 million net new paid subscribers in the first quarter, down from 8.5 million reported in the previous quarter and well below the 6 million the company predicted three months ago. In the same quarter a year ago,Netflix reported the addition of a record 15.77 million paid subscribersFor the current quarter, Netflix, Analysts had expected 6.34 million new subscribers in the first quarter, and 4.2 million in the second quarter, according to FactSet. he news sent shares of Netflix down 9% in after-hours trading, with prices at one point dipping below $500.A drop-off seemed inevitable after a national lockdown for more than a year shuttered consumers at home, where they went to streaming services in droves for entertainment. Netflix reported anannual net gain of 36.6 million subscribers to 203.7 million“We believe paid memb
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NFLX
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