Concerns Are Still High on Netflix Despite Topping Estimate
Investors rush to buy Netflix (NASDAQ: NFLX) stock after fourth-quarter earnings as the largest streaming giant has topped subscribers growth estimates by more than 2 million additions, bringing the full-year subscribers to an annual record of 37 million.
Netflix Stock Fell below $500 Mark as Subscribers Growth Disappoints
Netflix stock price lost almost 5% of the value after releasing third-quarter results as its subscriber additions fell below the forecast for 2.5 million growth. Analysts were expecting third-quarter subscribers in the range of 5 million, but actual subscribers came in at only 2.2 million.