Netflix (NFLX) stock was losing ground in pre-market trading. This, despite better-than-expected financial results and solid subscriber growth for the latest quarter.
As Ámbito reported earlier this morning, index futures Wall Street falls on concerns over escalating conflict in the Middle Eastfollowing reports of Israel’s attacks on Iran.
In that context, Netflix (NFLX) falls more than -6% (-6.5%) in pre-market trading despite beating first-quarter expectations for earnings, revenue and subscriber growth , as revenue guidance for the second quarter came in slightly below expectations.
Netflix (NFLX) stock was losing ground in pre-market trading. This, despite some results Better-than-expected financials and solid subscriber growth for the latest quarter. The streaming video provider warned it will soon stop providing Wall Street’s favorite data point for tracking business.
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Netflix results
One of the biggest moves on Wall Street is Netflix (NFLX). As Ámbito reported, the streaming giant published first-quarter results that surpassed analyst estimates, especially when it came to subscriber growth. The company added 9.3 million subscribers in the quarter, well above the 4.8 million expected.
However, Netflix said it will stop reporting quarterly membership numbers next year.
Source: Ambito
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