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Netflix stock is plummeting after it missed subscriber targets by almost 1M

The stock is in a free fall after missing key metrics.

Netflix stock is plummeting after it missed subscriber targets by almost 1M
[Photo: Angelo Pantazis/Unsplash]
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Netflix stock is currently in a free fall in after-hours trading. The stock is currently down by over 13%, after it significantly missed subscriber targets. The company expected to hit 5.11 million subscribers globally and 1.23 million subscribers domestically, but it actually hit 4.5 million and 700,000, respectively.

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The company also slightly missed revenue targets, bringing in $3.91 billion compared to Wall Street Expectations of $3.94 billion.

With all this, the stock is tanking.

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Later today, the company will have its earnings call, and we’ll learn more about why it missed so many key targets.

About the author

Cale is a Brooklyn-based reporter. He writes about many things.

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