Disappointed by the weak subscriber guidance, shares of Netflix fell as much as 20% in after-hours trading to the lowest levels since June 2020, erasing about $45 billion in market value.
Netflix has raised the price of its monthly subscription packages by $1-$2 ahead of the earnings release.
Here are some predicted trends for the ETF world that may influence the industry in 2022.
According to the Consumer Technology Association (CTA), U.S. technology spending during the 2021 holiday season (October-December) is expected to reach a $142.5 billion, up 0.5% from last year.
After a disappointing first half of the year, Netflix (NFLX) reported solid third-quarter 2021 results wherein it beat on earnings and showed a pick-up in subscriber growth.
"Squid Game," the hyper-buzzy Korean drama debuted on Sep 17, seems to be a big game changer for Netflix in the quarter ending September.