Transcripts for BBCNEWS BBC News 20220122 05:20:00 : vimarsa

BBCNEWS BBC News January 22, 2022 05:20:00

for the future of streaming. that was quite a freefall. as soon as netflix reported its results, its fourth—quarter results were not bad, they were roughly in line with what analysts anticipated but we were expecting netflix to return to its pre—pandemic, very predictable healthy growth and that's not what it is forecasting for the early part of the year. netflix is saying we are not emerging from the pandemic as quickly as we thought, parts of the world are recovering more slowly because of the economic impact of covid and so they forecast rather slow growth. the addition of a mere 2.5 million subscribers over the next three months to march. that sent shares plummeting, in aftermarket, even during the earnings call as netflix executives met with investors to try to rationally explain what was going on, shares continued to tank. they are down 20% today, dragging down the stocks of other companies that have built up streaming businesses that are in the model of netflix. what do you think is behind it, though? is itjust the market,

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