Netflix’s pandemic-fueled subscriber growth slows, shares drop sharply
India Today
Popular video-streaming platform Netflix's subscriber growth has slowed as it added 4 million more worldwide subscribers from January through March. The shares of the company have dropped sharply as a result.
Netflix’s pandemic-fueled subscriber growth is slowing far faster than anticipated as people who have been cooped at home are able to get out and do other things again. The video-streaming service added 4 million more worldwide subscribers from January through March, its smallest gain during that three-month period in four years. The performance reported Tuesday was about 2 million fewer subscribers than both management and analysts had predicted Netflix would add during the first quarter.More Related News