May 19, 2024


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Netflix Games Grows With Its Latest Award-Winning Acquisition

Netflix  (NFLX) – Get Netflix Inc. Report has had a rocky year.

The streaming giant’s public troubles started after it reported a stunningly large loss in April during its Q1 earnings call — 200,000 global subscribers lost in the first three months of 2022.

Perhaps even more distressing, however, was its outlook for the future. Netflix also reported that it is expecting the loss of another 2 million global paid additions over the three months ending in June.

Naturally this led to a nosedive for the company’s stock, losing a total of $50 billion in value as Netflix is forced to find a way to innovate in the very same space it pioneered.