Stock of Netflix Drops As Worries of Subscriber Growth Deepens

BUSINESS TECHNOLOGY

The online video streaming company ‘Netflix’ has now delivered the company’s latest quarter of the disappointing growth of its subscribers during the last three months of the year 2021, which has been a trend that, the management has also been foreseeing to be continued in the year 2022 as a more tough competition has been undercutting the leading video streaming company.

The company based in the region of California, the United States has now added 8.3 million subscriber across the world during the month of October and December period, and around 200,000 lesser than the management had the forecast.

While releasing the results of the fourth quarter, Netflix has also projected an increase of 2.5 million subscribers during the first three months of the year 2022. This disappointing news has been responsible for causing the stock price of Netflix to decrease by around 19 percent in the extended trading after the latest number have come out, along with deepening a steady decline during the previous two months of the year 2021.

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Netflix has also picked up around 18.2 million subscribers across the world during the year 2021, and it has also been slowest speed of the annual growth in the past five years, and this decrease came after the company ‘Netflix’ has now gained more than 36 million subscribers during the year 2020.