Netflix reported mixed earnings, posting 3.98 million added subscribers in the first quarter of 2021, missing Wall Street’s estimate of 6.29 million. Yahoo Finance’s Jared Blikre breaks down the key metrics.
Kevin Westcott, U.S. technology, media & telecom leader at Deloitte, discusses the firm’s latest edition of its Digital Media Trends Survey, which breaks down how consumers of different ages are engaging with various entertainment options.
(Reuters) -Netflix Inc fell short of Wall Street's projections for new customers in the first quarter, the company said on Tuesday, sending shares down 11%. Roughly 3.98 million people signed up for Netflix from January through March, below the 6.25 million average projection of analysts surveyed by Refinitiv. Netflix forecast just 1 million new streaming customers in the second quarter.