The forecasts for the first quarter of 2022 are getting worse
Collapse of more than 18% of the stock of Netflix nell’after-hours, after the publication of the quarterly. Between October and December, the service of streaming it reported $ 1.33 in earnings per share, versus expectations of 82 cents, on revenues of $ 7.71 billion, in line with forecasts.
The net number of paid subscribers it increased by 8.28 million, against expectations of 8.19 million; the figure, however, is lower than the 8.5 million expected by Netflix and added by the company in the fourth quarter of 2020.
To weigh on the performance of the stock listed on Nyse is the worsening outlook, with Netflix expecting to add just 2.5 million subscribers in the first quarter of 2022, far below the 3.98 million in the first quarter of 2021.
Netflix has stated that increased competition from its rivals is one reason for the slowdown in growth, while in the past it has said that competition from companies such as Apple and Disney would have no material repercussions.
Last week, Netflix has raised the price of the subscription in the United States and Canada: in the States, the basic subscription has increased by 1 dollar to 9.99 dollars a month, the standard has gone up from 13.99 to 15.49 dollars and that premium from $ 17.99 to $ 19.99.