Netflix shares plunged by more than 20% in after-hours trading yesterday on slowing subscriber growth.
Even though the company beat estimates on EPS and revenue, it could not stop the stock from falling to 2020 levels.
Netflix said increased competition from other companies was one reason for the slowdown, so we’ll see what 2022 has in store for the streaming giant!
Timestamps:
- NFLX 01:45
- DIS 03:20