Netflix Stock Plummets on Sharp Decline in Subscriber Growth in Q1

Variety

Netflix shares got hammered in the after-hours session Tuesday after the company reported a big miss in subscriber figures during its first quarter. Despite the fumble, the streaming giant beat Wall Street estimates on both the top and bottom lines. Variety Intelligence Platform Media Analyst & Correspondent Heidi Chung and VIP Media Analyst Kevin Tran discuss what the sharp deceleration in subscriber growth means for Netflix and its competitors.