• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Money Profit News
No Result
View All Result
Home Breaking News

Netflix shares crater 24% after company loses subscribers for the first time in more than 10 years

by
April 19, 2022
in Breaking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

Roe v Wade’s demise forces companies to grapple with health plans, employee privacy and more

Supreme Court abortion ruling is ‘catastrophic,’ liberal justices write in furious dissent

You’re One Step Closer to Being Able to Delay Your RMDs in Retirement

Ken Griffin’s Citadel Is Moving Its Headquarters to Miami From Chicago

In this article

NFLX

Netflix is expanding its push into mobile gaming.
Sopa Images | Lightrocket | Getty Images

Netflix is set to release its first-quarter earnings after the bell on Tuesday. The company’s shares have taken a big hit so far in 2022, falling more than 40% as it’s struggled to sustain subscriber growth while pandemic restrictions wane.

Here’s what Wall Street expects:

EPS: $2.89, according a Refinitiv survey of analysts.Revenue: $7.93 billion, according a Refinitiv survey of analysts.Global paid net subscriber additions: 2.73 million, according to StreetAccount estimates.

Netflix previously told shareholders it expected to add 2.5 million net subscribers during the first quarter. Analysts predict that number will be closer to 2.7 million. Either figure would mark a significant downturn from the 3.98 million added during the same period in 2021.

Investors’ hyper focus on new paying customers led Netflix shares to plummet 20% after the company’s last earnings report in January. In addition to weaker-than-forecasted fourth-quarter subscriber gains, company executives quietly admitted that competition from other streaming platforms was having a negative impact on its growth.

Netflix has increased its content spend, particularly on originals, amid intense competition in the streaming space. To pay for it, it’s hiked prices of its service. While the company is exploring other options for growth, like adding video games, analysts and investors are wondering what else Netflix can do to bolster revenue.

This is breaking news. Please check back for updates.

Next Post

Dow adds 499 points, Nasdaq climbs 2% as investors shake off slow start to week

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

Supreme Court abortion ruling is ‘catastrophic,’ liberal justices write in furious dissent

by
June 24, 2022
0

(L-R) Supreme Court Associate Justice Stephen Breyer, Supreme Court Associate Justice Sonia Sotomayor and Supreme Court Associate Justice Elena Kagan...

Read more

Supreme Court abortion ruling is ‘catastrophic,’ liberal justices write in furious dissent

Roe v Wade’s demise forces companies to grapple with health plans, employee privacy and more

You’re One Step Closer to Being Able to Delay Your RMDs in Retirement

Ken Griffin’s Citadel Is Moving Its Headquarters to Miami From Chicago

Disney, Apple and Amazon keep waiting as NFL considers Sunday Ticket offers

Apple responds to Roe v. Wade rollback, benefits cover out-of-state travel for reproductive care

Load More

All rights reserved by www.moneyprofitnews.com

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

moneyprofitnews