Netflix Shares Drop 23% After Losing 200K Subscribers in First Quarter
The company's stock plunged 23% in after-market trading. Netflix reportedly lost 200,000 subscribers in its first quarter of 2022.
Global streaming giant Netflix on Tuesday reported losing subscribers for the first time in more than a decade. Following this, the company's stock plunged 23% in after-market trading. Netflix reportedly lost 200,000 subscribers in its first quarter of 2022.
Check Tweet:
JUST IN - Netflix shares plunge over 23% in after-hours trading, projecting to lose 2 million subscribers in the current quarter.
— Disclose.tv (@disclosetv) April 19, 2022
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(The above story first appeared on LatestLY on Apr 20, 2022 01:52 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
