NFLX stock

Streaming is more crowded and consumers more price conscious. All this raises questions about how much Netflix can keep growing.

- Content arms race: Netflix continues to bring out big names and A-listers to beef up its original content, a list that includes former President Obama, Ryan Reynolds, Duane Johnson, and Gal Gadot. But will it be enough to go toe to toe with other blockbuster originals from rival streaming services? The company expected to add 2.5 million new subscribers for the quarter. - Subscriber growth: Will Netflix deliver an about-face in terms of subscriber growth, after a sharp decline in 2021? “While this added competition may be affecting our marginal growth some, we continue to grow in every country and region in which these new streaming alternatives have launched.” In a shareholder letter, Netflix blamed a number of factors, including inflation, increased account sharing, and growing competition. The numbers are in and they’re not good.

Shares of Netflix cratered more than 25% on Tuesday after the company reported a loss of 200,000 subscribers during the first quarter. It's the first time ...

The company said Tuesday those price changes are helping to bolster revenue, but were partially responsible for a loss of 600,000 subscribers in the U.S. and Canada during the most recent quarter. Net income during the quarter ended March 31 fell 6.4% to $1.6 billion, down from $1.7 billion the year prior. Excluding that impact, the company said it would have seen 500,000 net additions during the most recent quarter. During the same period a year ago, Netflix added 3.98 million paid users. Netflix was an earlier winner when Covid lockdowns sent families inside and searching for entertainment. However, our relatively high household penetration — when including the large number of households sharing accounts — combined with competition, is creating revenue growth headwinds." Netflix previously told shareholders it expected to add 2.5 million net subscribers during the first quarter. Fellow streaming stocks Roku, Spotify and Disney also tumbled in the after-hours market after Netflix's brutal update. The company said that the suspension of its service in Russia and the winding-down of all Russian paid memberships resulted in a loss of 700,000 subscribers. 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. - Shares of Netflix cratered more than 25% 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.

Internet television network Netflix surprised Wall Street with a loss of subscribers in the first quarter. Netflix stock crashed.

For the June quarter, Netflix expects to earn $3 a share on sales of $8.05 billion. The company earned $3.53 a share on sales of $7.87 billion in the March quarter. Other streaming video stocks fell late Tuesday as Netflix stock cratered. Of those freeloaders, over 30 million are in the U.S. and Canada, it said. The Los Gatos, Calif.-based company lost 200,000 subscribers in the March quarter. It then guided to an even bigger loss of subscribers in the current quarter. The company says it is working to better monetize its user base by cracking down on password sharing. Wall Street had predicted Netflix earnings of $2.90 a share on sales of $7.93 billion. Internet television network Netflix ( NFLX) late Tuesday surprised Wall Street with a net loss of subscribers in the first quarter. The streaming video leader ended the first quarter with 221.6 million subscribers worldwide. In the year-earlier period, Netflix earned $3.75 a share on sales of $7.16 billion. Analysts had predicted earnings of $3.03 a share on sales of $8.22 billion.