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Netflix Inc said slower production of TV shows and movies during the pandemic hurt subscriber growth in the first quarter, sending shares of the world's largest streaming service down 11% on Tuesday. Roughly 3.98 million people signed up for Netflix from January through March, below the 6.25 million average projection of analysts surveyed by Refinitiv. Netflix estimated it will add just 1 million new streaming customers in the second quarter. Analysts had expected a forecast of nearly 4.8 million. Shares of Netflix sunk 11% in after-hours trading to $489.28, wiping $25 billion off the c...

Netflix subscriber growth slows after pandemic boom Roughly 3.98 million people signed up for Netflix, below the 6.25 million average projection of analysts Reuters April 21, 2021 Subscribers of streaming service are protesting against restricting them from accessing wider Netflix content catalog. PHOTO: AFP Netflix said slower production of TV shows and movies during the pandemic hurt subscriber growth in the first quarter, sending shares of the world's largest streaming service down 11% on Tuesday. Roughly 3.98 million people signed up for Netflix from January through March, below the 6.2...

NFLX Stock Down Over 8.5% After Hours, Netflix Records Large Miss in Paid Subscribers in Q1 Apr 21 2021 · 08:13 UTC | Updated 3 hours ago Photo: Depositphotos Netflix experienced a subscription slowdown even in places where there is less competition. Netflix Inc (NASDAQ: NFLX) stock fell as much as 8.68% in the after-hours trading session after the company reported a large miss in paid subscribers during the first three months. During Q1, Netflix recorded revenue of $7.16 billion, versus $7.13 billion expected by analysts according to a survey conducted by Refinitiv. Additionally, the stre...

Netflix saw a 24 per cent rise in revenue but paid membership growth slowed They blamed the slow growth in new members on Covid-19 slowing production New shows and movies were delayed due to lockdown measures halting filming The streaming giant has committed to spending $17 billion on content this year  The firm expects membership rates to speed up later in the year when a raft of new shows and sequels currently filming return to the streaming platform 

Netflix shares plummet more than 10% after slow subscriber growth Ryan Morrison and Shivali Best For Mailonline © Provided by Daily Mail MailOnline logo Netflix's shares have tumbled more than 10 per cent today after the firm reported cooling growth in paid subscriptions that had spiked during lockdown.  Roughly 3.98 million people signed up for Netflix from January through March - four times down on the same period last year.  The firm has blamed delays in the production of TV shows and movies during the pandemic. 'We believe paid membership growth slowed due to the big ...