Netflix share-price

2022 - 4 - 20

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Post cover — Image courtesy of "Economic Times"

Netflix subscribers fall for first time in a decade, shares plunge 26% (Economic Times)

Netflix's first-quarter revenue grew 10% to $7.87 billion, slightly below Wall Street's forecasts. It reported per-share net earnings of $3.53, ...

"The large number of households sharing accounts -- combined with competition, is creating revenue growth headwinds. The company said it lost 200,000 subscribers in its first quarter, falling well short of its forecast of adding 2.5 million subscribers. Streaming services are not the only form of entertainment vying for consumers' time. The company is also looking to generate additional revenue from customers who share their account with friends or family outside their home. "The large number of households sharing accounts -- combined with competition, is creating revenue growth headwinds. Streaming services are not the only form of entertainment vying for consumers' time. The company said it lost 200,000 subscribers in its first quarter, falling well short of its forecast of adding 2.5 million subscribers. Netflix's first-quarter revenue grew 10% to $7.87 billion, slightly below Wall Street's forecasts. The company is also looking to generate additional revenue from customers who share their account with friends or family outside their home. Netflix's first-quarter revenue grew 10% to $7.87 billion, slightly below Wall Street's forecasts. Netflix's 26% tumble after the bell on Tuesday erased about $40 billion of its stock market value. "Those who have followed Netflix know that I've been against the complexity of advertising, and a big fan of the simplicity of subscription," said CEO Reed Hastings. "But, as much as I'm a fan of that, I'm a bigger fan of consumer choice."

Netflix shares crater 25% after company reports it lost subscribers for ... (CNBC)

Shares of Netflix cratered more than 25% on Tuesday after the company reported a loss of 200,000 subscribers during the first quarter. It's the first time ...

The company said Tuesday those price changes are helping to bolster revenue, but were partially responsible for a loss of 600,000 subscribers in the U.S. and Canada during the most recent quarter. Net income during the quarter ended March 31 fell 6.4% to $1.6 billion, down from $1.7 billion the year prior. Excluding that impact, the company said it would have seen 500,000 net additions during the most recent quarter. During the same period a year ago, Netflix added 3.98 million paid users. Netflix was an earlier winner when Covid lockdowns sent families inside and searching for entertainment. However, our relatively high household penetration — when including the large number of households sharing accounts — combined with competition, is creating revenue growth headwinds." Netflix previously told shareholders it expected to add 2.5 million net subscribers during the first quarter. Fellow streaming stocks Roku, Spotify and Disney also tumbled in the after-hours market after Netflix's brutal update. The company said that the suspension of its service in Russia and the winding-down of all Russian paid memberships resulted in a loss of 700,000 subscribers. Netflix on Tuesday reported a loss of 200,000 subscribers during the first quarter — its first decline in paid users in more than a decade — and warned of deepening trouble ahead. - Shares of Netflix cratered more than 25% on Tuesday after the company reported a loss of 200,000 subscribers during the first quarter. - It's the first time the streamer has reported a subscriber loss in more than a decade.

Netflix Tumbles as 200000 Users Exit for First Drop in Decade (Bloomberg)

After a decade of meteoric growth that shook Hollywood to its core, Netflix Inc. has run into a wall.

Stock market news live updates: Stock futures open lower, Netflix ... (Yahoo Finance)

U.S. stock futures opened lower Tuesday evening to give back gains after a rebound rally during the regular trading day, as investors took in a host of ...

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Netflix Share Price On Track For Biggest Fall In Nearly A Decade | Mint (Livemint)

For the second time this year, Netflix shares fell sharply after the company disappointed investors.

The last time Netflix shares fell 25% on a single day was July 25, 2012, according to FactSet, a day after the company warned of slowing growth for its subscription service. The company had increased its subscription fee earlier this year. The growing number of streaming options has made consumers more price- sensitive. In January, Netflix shares slid more than 20% when the streaming company said it expected to add a much smaller number of subscribers than it did one year prior. Shares shed a quarter of their value in premarket trading Wednesday. Investors had expected that the company would add new users in the first quarter. The drop would slash around $40 billion of its market capitalization, which stood at $157 billion on Tuesday, according to FactSet.

Netflix stock slammed by new wave of downgrades—narrative is ... (MarketWatch)

A new band of Wall Street analysts rushed to cut price targets and ratings on Netflix in response to deeply disappointing results, though shares of the...

“Said investments change the historically simple story, cloud the return profile, and cause Netflix to lose its shine, in our view,” they wrote. Evercore analysts, led by Mark Mahaney, slashed their price target to $300 from $525 a share. He tweeted that Wall Street analysts appeared “utterly useless” this time, given that Netflix shares had dropped about 50% from their October highs even without taking into account the declines expected in Wednesday’s regular session. As Netflix plans to increase its emphasis on programming, take aim at password sharing, and explore the introduction of advertising, the Wells Fargo team sees the company in a “reactionary” position. Shares of Netflix NFLX, -37.37%tumbled around 29% in premarket trading on Wednesday, the morning after the company delivered a considerable slowdown in revenue growth and a surprise net loss of subscribers. the current great consumer experience and introduces ad volatility to results.”

Netflix Stock Sinks on Subscribers Loss. Here's What Wall Street ... (Barron's)

The streaming giant's lagging subscriber growth prompts a flurry of price target cuts and downgrades from Wall Street.

Netflix (ticker: NFLX) lost 200,000 subscribers in the quarter, well below its guidance for 2.5 million net adds. The streaming service would have added 500,000 users had it not lost 700,000 subscribers from Russia. The company expects to lose 2 million net subscribers in the June quarter. - Order Reprints

Netflix Stock Price Drops Over 35%, on Track for Biggest Fall in Over ... (The Wall Street Journal)

Shares were on course for their worst day in over a decade after the streaming giant reported that it lost subscribers in the first quarter.

- Target:Up to 60% off - Target Promo Code You may cancel your subscription at anytime by calling Customer Service. Investors had expected that the company would add new users in the quarter.

Netflix Stock Price Drops 32%, on Track for Biggest Fall in Over a ... (The Wall Street Journal)

Shares were on course for their worst day in over a decade after the streaming giant reported that it lost subscribers in the first quarter.

- Saks Fifth Avenue:$20 off sitewide + free shipping - Saks Fifth Avenue coupon You may cancel your subscription at anytime by calling Customer Service. Investors had expected that the company would add new users in the quarter.

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