Netflix stocks fell, as it forecasts mild gains for 2022| MENAFN.COM

Saturday, 28 May 2022 06:55 GMT

Netflix stocks fell, as it forecasts mild gains for 2022


(MENAFN) Even as Netflix executives attempted to relieve investors in a Thursday video interview that the company's long streaming media opportunities maintain positive, with its famous series Bridgerton is yet to return for a second season, as well as a science-fiction movie featuring Ryan Reynolds on the way, stocks fell.

Netflix shares went down by more than 20 percent by the end of the 45-minute results interview, fogging over the entertainment business.

When many expected a return to typical, pre Covid-19 quarterly improvements, Wall Street analysts and the company's own management grappled to justify why the world's biggest streaming platform estimated mild gain for the first three months of 2022.

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