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For 2022, Netflix shares dropped 50.6 percent, the most the stock has declined on an annual basis since 2011. For the first time, the once-invincible company lost subscribers for two consecutive quarters, ushering in a period of painful belt-tightening that has included several hundred layoffs. Netflix’s decline outpaced the Nasdaq, which was down 33.1 percent for the year. The left-wing streamer, which continues to have a production deal with Barack and Michelle Obama, is being forced to try new ways to juice revenue. Netflix broke its promise to never have commercials by launching an ad-supported tier in a bid to...

The fallout from Netflix’s first-quarter losses continued on Wednesday when the streaming giant’s shares closed down more than 35 percent. According to CNBC, the sharp drop “led to a wave of downgrades from Wall Street on fears over the company’s long-term growth potential,” resulting in a loss of more than $50 billion of its market cap. “It is now the worst-performing stock of 2022 in the S&P 500, down 62.5 percent year-to-date,” CNBC flatly stated. Analysts with Bank of America, one of the nine Wall Street companies to downgrade the streaming platform, said the company’s current plans “reaccelerate growth” show...

Shares of Netflix cratered more than 23% on Tuesday after the company reported a loss of 200,000 subscribers during the first quarter. It’s the first time the streamer has reported a subscriber loss in more than a decade. The company also said it expects the losses to continue, forecasting a global paid subscriber loss of 2 million for the second quarter.

Netflix, the movie and TV show subscription service, suffered an extraordinary decline in its stock price. But like the film “Margin Call” that pretends the Lehman Brothers bankruptcy in 2008 was a surprise, it really is no surprise that Netflix is getting crushed. Why? Thanks to Bidenflation, millions of American households are suffering (REAL average hourly earnings are declining under Biden) and many of those were Netflix subscribers. Netflix’ earnings per share soared when Biden was first installed as President, likely due to effects of Biden’s/Pelosi’s/Schumer’s Covid stimulus. But alas, fiscal stimulus is short-lived but the negative effects of inflation...

Recent earnings reports from streaming giant Netflix had been a volatile rollerocaster: the stock tumbled just over one year ago when the company reported a huge miss in both EPS and new subs, which at 2.2 million was tied for the worst quarter in the past five years, while also reporting a worse than expected outlook for the current quarter.

Netflix on Tuesday reported a loss of 200,000 subscribers during the first quarter — its first decline in paid users in more than a decade — and warned of deepening trouble ahead. The company’s shares cratered more than 25% in extended hours after the report on more than a full day’s worth of trading volume. Fellow streaming stocks Roku, Spotify and Disney also tumbled in the after-hours market after Netflix’s brutal update. Netflix is forecasting a global paid subscriber loss of 2 million for the second quarter. The last time Netflix lost subscribers was October 2011. “Our revenue growth has...

Netflix saw its stock tank 25 percent after it reported losing 200,000 subscribers in the company’s first quarter – the sharpest decline in a decade. “The company’s shares cratered more than 25% in extended hours after the report on more than a full day’s worth of trading volume,” reported CNBC. “Fellow streaming stocks Roku, Spotify and Disney also tumbled in the after-hours market after Netflix’s brutal update.” With the closing of the second quarter, Netflix is projected to lose 2 million global subscribers. In a letter to shareholders on Tuesday, the company said the company’s content still remains popular but...

The Cold, Hard Math Says Netflix Could Crash 70% It’s official... it’s the beginning of the end for Netflix (NFLX). As you may have heard, the online video company made a troubling announcement... This quarter, for the first time ever, it lost American subscribers. Hundreds of thousands of them. The stock plunged more than 11% on the news. I’ve been “sounding the alarm” on Netflix’s troubled business since last July when its stock was trading above $400.

On Wednesday, Netflix announced its subscriber base in the United States declined for the first time since 2011. The streaming giant had forecast a gain of 300,000 during the second quarter (April through June), but instead it lost about 130,000 homes here. Thanks to international growth, Netflix still added 2.7 million customers overall, pushing its global base to a record 151 million. But even that wasn’t entirely good news: Netflix had told investors it expected to gain about 5 million new customers in the quarter, making this its biggest missed forecast since 2016. So what’s behind this gloomy quarter...

Investors did not like what they saw in Netflix’s second-quarter results. Shares of the company plunged by more than 11 percent in after-hours trading following the company’s release of data on new subscriptions that fell short of Wall Street expectations and company guidance. Netflix added 2.7 million subscribers in its second quarter, down from about 6 million new subscribers in last year’s second quarter and well below the 5 million or so expected. The company actually lost about 130,000 domestic subscriptions in the second quarter. Internationally, the company added 2.83 million subscribers, well below the consensus forecast of 4.81 million....