Netflix stock is down after the company missed subscriber growth expectations.
Netflix’s stock is down following the company’s Q3 earnings report, which showed that it had missed subscriber growth expectations. The streaming giant added 5.15 million subscribers in the third quarter of 2021, falling short of its own forecast of 5.2 million and analysts’ predictions of 5.25 million.
The streaming giant added 7.4 million subscribers in Q2, but this fell short of its own forecast of 7.6 million and analysts’ predictions of 7.7 million.
There are a number of reasons why Netflix could be struggling to keep up with subscriber growth expectations.
