Netflix Q1 Global Streaming Paid Net Additions 9.33M vs 13.12M In Prior Qtr.
Portfolio Pulse from Benzinga Newsdesk
Netflix reported a decrease in global streaming paid net additions, with 9.33 million in Q1 compared to 13.12 million in the previous quarter.
April 18, 2024 | 8:05 pm
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Netflix's Q1 global streaming paid net additions fell to 9.33 million from 13.12 million in the prior quarter, indicating a slowdown in subscriber growth.
The decrease in Netflix's global streaming paid net additions suggests a slowdown in subscriber growth, which could negatively impact investor sentiment and potentially lead to a short-term decline in NFLX stock price. This is a critical metric for Netflix and its investors, as subscriber growth is a key driver of revenue and profitability for the company. The comparison to the previous quarter's higher additions highlights this slowdown, making it a significant point of concern for short-term stock performance.
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