1 Must-See Quote From Netflix's Earnings Call
Shares of Netflix (NASDAQ: NFLX) were tumbling after its latest earnings report. The streamer added just 4 million subscribers in the first quarter, below its guidance of 6 million, and it forecast just 1 million subscriber additions in the second quarter.
Investors balked at the results, sending the stock down as much as 8.4% on Wednesday, and the report added fuel to the bears' biggest criticism of Netflix: that its growth will fizzle out as it matures and faces increasing competition in streaming from Disney and a slew of other legacy media companies.
Image source: Netflix.
Source Fool.com
