Illustration by Alex Castro / The Verge
Netflix investors have been worried that the company isn’t adding subscribers fast enough — and today, they started to panic. After Netflix reported lower than projected subscriber additions for the final quarter of 2021, its stock plummeted nearly 20 percent.
The plunge was the lowest the stock had dropped since June of 2020, CNBC noted. Last quarter, Netflix had forecasted that it would report 222.06 million paid subscriptions by the end of last year. Instead, the company reported Thursday that it ended the fourth quarter with 221.84 paid memberships.
“Acquisition growth has not yet re-accelerated to pre-Covid levels”
It’s a small difference, but investors have been worried about Netflix — already one of the biggest streaming companies…
