Netflix misses subscriber target, shares fall on weak forecast

 Administrator    24 Jan 2022 : 19:05

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During the reporting season of October to December, the world’s largest streaming service released star-studded movies Red Notice and Don’t Look Up.

Netflix Inc fell short of Wall Street forecasts for new subscribers at the end of last year and offered a weaker-than-expected forecast for early 2022 as rivals amped up the competition in the battle for streaming television viewers.

 

The world’s largest streaming service added 8.3 million customers from October to December, when it released a heavy lineup of new programming including the star-studded movies Red Notice and Don’t Look Up and a new season of The Witcher.

 

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