Netflix (NFLX) Stock Tanks 19% on Paid Net Additions Miss & Lower Guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/22/2026
Go back to Netflix (NFLX) Stock Tanks 19% on Paid Net Additions Miss & Lower Guidance
January 21, 2022 8:22 AM EST
Guggenheim analyst Michael Morris lowered the price target on Netflix (NASDAQ: NFLX) to $555.00 (from $720.00) while maintaining a Buy rating following results and weak subscriber guidance.
The analyst commented, "Well-below consensus 1Q22 member add guidance (2.5mm versus preconsensus 5.9mm) headlined a relatively... More
January 21, 2022 7:17 AM EST
Goldman Sachs analyst Eric Sheridan lowered the price target on Netflix (NASDAQ: NFLX) to $450.00 (from $580.00) while maintaining a Neutral rating.
The analyst stated "We expect the market to have a negative reaction to Netflixs Q4 21 earnings report, as a mixed picture emerged of... More
January 20, 2022 4:08 PM EST
Roku (NASDAQ: ROKU), Disney (NYSE: DIS) Trade Lower in Sympathy Following Netflix (NASDAQ: NFLX) Results
NFLX -10.5%DIS -2.3%ROKU 4%...
More
January 20, 2022 4:05 PM EST
By Lisa Richwine
LOS ANGELES (Reuters) -Netflix Inc dashed hopes for a quick rebound after forecasting weak first-quarter subscriber growth on Thursday, sending shares sinking nearly 20% and wiping away most of its remaining pandemic-fueled gains from 2020.
The world's largest streaming service projected it would add 2.5 million customers from January through March, less than half of the 5.9 million analysts had forecast, according to Refinitiv IBES data.
Netflix tempered its growth expectations, citing the late arrival of anticipated content, such as the second season of "Bridgerton" and the Ryan Reynolds time-travel movie "The Adam Project."
Shares of Netflix... More
January 20, 2022 4:01 PM EST
(Updated - January 20, 2022 4:04 PM EST)
Netflix (NASDAQ: NFLX) reported Q4 EPS of $1.33, $0.51 better than the analyst estimate of $0.82. Revenue for the quarter came in at $7.71 billion versus the consensus estimate of $7.72 billion.
Global Streaming Paid Net Additions were 8.28 million in Q4,... More
