Netflix, Inc. has experienced its first decline in subscribers in over a decade, losing 200,000 users in Q1, leading to a staggering stock plunge of over 35%. The streaming service now faces a forecasted additional loss of 2 million subscribers in the next quarter, prompting nine analysts to downgrade their ratings and push shares to a four-year low. Amidst concerns about its long-term viability, the company prepares for an earnings report that could further impact investor confidence.
“Netflix · fell · more than 3%”
“Netflix, Inc. (NASDAQ:NFLX) · lost · value · 30 percent”
“Netflix, Inc. (NASDAQ:NFLX) · shares · low · four-year low”
“Netflix · fell · more than 18% · after reporting a decline in subscribers”
“Netflix · is expected to report earnings · per share · $2.95”
“Netflix · is expected to report revenue · in billions · $7.94”
“Netflix · is expected to have net subscriber additions · number · about 2.8 million”
“Netflix, Inc. · posted losses of more than · 20%”
“Netflix Inc. · has · Earnings ESP · +0.91%”
“Netflix Inc. · recorded · earnings surprises · 26.7% average beat”
“Netflix Inc. · is set to release earnings results · on Apr 19 · after the closing bell”
“Netflix · has · Earnings ESP · +0.91%”