Netflix Crushed Subscriber Estimates. Why Is the Stock Down?

By Neil Rozenbaum – Apr 19, 2024 at 6:00AM

NASDAQ: NFLX

Netflix

Market Cap

$238B

Today's Change

(1.44%) $7.93

Current Price

$559.64

Price as of May 2, 2024, 10:25 a.m. ET

Netflix added 9.3 million subscribers in the first quarter.

In this video, I will talk about Netflix's (NFLX 1.44%) first-quarter earnings report, which beat the top line and subscriber estimates. The company made one announcement that the market didn't receive very well.

*Stock prices used were from the trading day of April 15, 2024. The video was published on April 16, 2024.

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Netflix. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.