NETFLIX STOCK PLUNGES AS SUBSCRIBER GROWTH WORRIES DEEPEN
AppleMagazine|January 28, 2022
Netflix delivered its latest quarter of disappointing subscriber growth during the final three months of last year, a trend that management foresees continuing into the new year as tougher competition is undercutting the video streaming leader.

The Los Gatos, California, company added 8.3 million worldwide subscribers during the October-December period, about 200,000 fewer than management had forecast. Besides releasing its fourth-quarter results, Netflix also projected an increase of 2.5 million subscribers during the first three months of this year, well below analysts’ expectations for a gain of 4 million, according to FactSet Research.

The disappointing news caused Netflix’s stock price to plunge by about 20% in extended trading after the numbers came out, deepening a steep decline during the past two months.

It capped a challenging year for Netflix after it reveled in eye-popping gains during the pandemic lockdowns of 2020 that drove homebound people to its service.

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM APPLEMAGAZINEView All

Amazon Fires 2 Union Organizers Tied to First U.S. Labor Win

Amazon has fired two employees with ties to the grassroots union that led the first successful U.S. organizing effort in the retail giant’s history.

2 mins read
AppleMagazine
May 13, 2022

2022 IS THE YEAR OF ALL-INCLUSIVE TRAVEL, AND HERE'S WHY

The hotel name Zoetry (in Zoetry Montego Bay Jamaica) has an umlaut mark over the letter "e."

3 mins read
AppleMagazine
May 20, 2022

'TOP GUN' SEQUEL A WELCOME TRIP TO THE DANGER ZONE

Early on in "Top Gun: Maverick," Tom Cruise hops on his sleek motorcycle, wearing Aviator sunglasses and a leather jacket with patches, and speeds into a time machine. No, that's not right. It's actually us who take a trip back.

3 mins read
AppleMagazine
May 20, 2022

MacBook Air

Rumors: What to expect with Apple's 2022 redesign

5 mins read
AppleMagazine
May 20, 2022

4 WAYS TO PROTECT YOUR SMALL BUSINESS FROM CYBER ATTACKS

Since the beginning of the COVID-19 pandemic, small businesses have quickly adopted remote working and transitioned to new technologies, such as contactless payments and online ordering.

3 mins read
AppleMagazine
May 20, 2022

A BEZOS-BIDEN SQUABBLE: CAN CORPORATE TAXES TAME INFLATION?

Jeff Bezos this weekend became the latest centi-billionaire to launch a political fight on Twitter by denouncing a tweet from President Joe Biden about corporate taxes as "disinformation” and “misdirection."

2 mins read
AppleMagazine
May 20, 2022

BIDEN ADMINISTRATION TO RELEASE $45B FOR NATIONWIDE INTERNET

The Biden administration is taking the first steps to release $45 billion to ensure that every U.S. resident has access to high-speed internet by roughly 2028, inviting governors and other leaders to start the application process.

2 mins read
AppleMagazine
May 20, 2022

NISSAN MULLING THIRD AUTO PLANT IN THE US TO MEET EV DEMAND

Nissan is considering adding a new auto plant in the U.S. to keep up with growing demand for electric vehicles, a top executive at the Japanese automaker said.

2 mins read
AppleMagazine
May 20, 2022

MENACED BY FLAMES, NUCLEAR LAB PEERS INTO FUTURE OF WILDFIRE

Public schools were closed and evacuation bags packed this week as a stubborn wildfire crept within a few miles of the city of Los Alamos and its companion U.S. national security lab - where assessing apocalyptic threats is a specialty and wildland fire is a beguiling equation.

4 mins read
AppleMagazine
May 20, 2022

WITH ROE IN DOUBT, SOME FEAR TECH SURVEILLANCE OF PREGNANCY

When Chandler Jones realized she was pregnant during her junior year of college, she turned to a trusted source for information and advice.

3 mins read
AppleMagazine
May 20, 2022
RELATED STORIES

WHO YOU LOVE DOESN'T NEED A LABEL

My journey to accepting myself *exactly* as I am.

5 mins read
Girls' Life magazine
June/July 2022

Priah Ferguson answers strange things like it's NBD

In honor of season four of Stranger Things, the Netflix star let us ask her all our most random questions.

2 mins read
Girls' Life magazine
June/July 2022

Anatomy of a Scandal

The Roush Review

1 min read
TV Guide Magazine
April 25 - May 08, 2022

De-FAANGed

Investors are rethinking a strategy that's served them for the better part of a decade

4 mins read
Bloomberg Businessweek
May 02, 2022

What Elon Wants...

The world's richest man spent $44 billion on Twitter but says he doesn't "care about the economics at all"

6 mins read
Bloomberg Businessweek
May 02, 2022

PEOPLE THINK THEY KNOW ME... But They Don't - INTOUCH with ... CHRISTINE QUINN

The pot-stirring Selling Sunset "villain" insists there's a side to her viewers just haven't seen yet

3 mins read
inTouch
May 02, 2022

Working Girls

Grace and Frankie may be ending, but the era of Jane Fonda–Lily Tomlin collaborations is in full swing.

10+ mins read
New York magazine
April 25-May 8, 2022

NETFLIX SHARES DROP 26% AFTER IT LOSES 200K SUBSCRIBERS

Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming service may have already seen its best days.

3 mins read
Techlife News
April 23, 2022

SHINE ON

Social media star and actor Liza Koshy has an infectious energy that seems effortless, but in reality, she's taken the time to hone a mental health routine. Here, she gets specific about the habits that ease her social anxiety and bring about peace. (Spoiler:She *loves* running.)

6 mins read
Women's Health
April 2022

CITIES ASK NETFLIX, HULU, STREAM SERVICES TO PAY CABLE FEES

Should Netflix and other streaming services have to pay local governments the same fees levied on cable operators?

3 mins read
Techlife News
April 16, 2022