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NETFLIX's 27% overnight stock drop explained, and why an Ad-supported version is on the way
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The Wakeup

NETFLIX's 27% overnight stock drop explained, and why an Ad-supported version is on the way

Sean McNulty's avatar
Sean McNulty
Apr 20, 2022
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NETFLIX's 27% overnight stock drop explained, and why an Ad-supported version is on the way
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NETFLIX growth train stalls

Netflix’s new business consultant. via Giphy

SUBSCRIBERS: Now at 221.6 Million global, that’s down 200k from Jan.

  • Their RUSSIA exit dropped 700k subs, otherwise Q1 would have been +500k, so call that what you will. But - as they were projecting to add at least 2.5 Million Q1 subscribers…

  • AND they are projecting to lose 2 Million …

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