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The number of new Netflix subscribers disappoints, the stock falls

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The world number one in the sector reported Thursday 8.3 million additional subscribers over the period from October to December, while financial analysts expected 8.4 million according to Refinitiv IBES data.

Netflix stock fell 10% in after-hours trading after Wall Street closed.

In total, the group had 221.8 million customers worldwide at the end of December.

Netflix raised its prices last week in the United States and Canada, two countries which constitute its main market, but in which its growth is slowing down.

Half as many new members in 2021

After having taken advantage of the confinements and the closure of cinemas at the start of 2020, a consequence of the COVID-19 pandemic, the group saw its development slow down in 2021 with 18.2 million new subscribers and subscribers only, against 36 million the year. former.

Its growth should stabilize in 2022 and return to its pre-pandemic level, analysts say.

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Netflix can count for the next few months on the release of new seasons of successful series like ozark Where Stranger Thingsbut the competition is increasingly stiff, its rivals Walt Disney and HBO Max, subsidiary of AT&T, investing billions of dollars.

In the fourth quarter of last year, Netflix posted revenue of US$7.71 billion, in line with market consensus. He is counting on a turnover of 7.90 billion for the first quarter while the market is counting on 8.11 billion $.

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