3 Reasons Not to Worry About Netflix After the Latest Report

Jeremy Bowman, The Motley Fool
·6-min read
3 Reasons Not to Worry About Netflix After the Latest Report
3 Reasons Not to Worry About Netflix After the Latest Report

Netflix (NASDAQ: NFLX) shares were getting banged up again after its third-quarter earnings report. Netflix shares fell as much as 7.1% on the news as the company missed its own guidance for subscriber growth, its most important metric. It added just 2.2 million new members in the quarter, worse than its dialed-down forecast of 2.5 million after subscribers surged by nearly 26 million in the first half of the year, boosted by lockdowns in the early months of the coronavirus pandemic.