(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.
MENAFN22012022000045013568ID1103577450
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.