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Netflix Stock CRATERED After Report of Plummeting Subscribers, for Which They Blame . . . RUSSIA

by JD Rucker
April 19, 2022
in Business
Netflix Stock

Netflix experienced an absolute wipeout in after-hours trading following reports they suffered a net loss in subscribers for the first time in a decade. This combined with projections that they’ll lose two million or more subscribers in the 2nd quarter sent investors on a selling frenzy.

According to CNBC:

Shares of Netflix cratered more than 23% on Tuesday after the company reported a loss of 200,000 subscribers during the first quarter. It’s the first time the streamer has reported a subscriber loss in more than a decade.

The company also said it expects the losses to continue, forecasting a global paid subscriber loss of 2 million for the second quarter.

IRA BERSHATSKY LOVES AMERICA – Most precious metals companies are run by wokesters. Ira’s is not. He is unabashedly AMERICA FIRST and can help you move wealth or retirement to physical precious metals with a gold or silver IRA, or just get metals discreetly shipped to your door. Contact him now.

Here are the key numbers:

    • EPS: $3.53 vs$2.89, according to a Refinitiv survey of analysts.
    • Revenue: $7.78 billion vs$7.93 billion, according to a Refinitiv survey of analysts.
    • Global paid net subscriber additions: A loss of 200,000 compared with 2.73 million adds expected, according to StreetAccount estimates.

Netflix previously told shareholders it expected to add 2.5 million net subscribers during the first quarter. Analysts had predicted that number will be closer to 2.7 million. During the same period a year ago, Netflix added 3.98 million paid users.

The company said that the suspension of its service in Russia and the winding-down of all Russian paid memberships resulted in a loss of 700,000 subscribers. Excluding that impact, the company said it would have seen 500,000 net additions during the most recent quarter.

It’s always Russia’s fault. Netflix subscribers leave, blame Russia. Gas prices skyrocket, blame Russia. Joe Biden’s sniffing kids again, blame Russia. It’s the excuse that keeps on excusing for wokesters when they’re horrible plans go horribly wrong.

The Biden Regime and Globalists Don’t Want You Owning Precious Metals

Look around. Things aren’t the way they should be. Between Pandemic Panic Theater, Ukraine, food shortages, and a push for Central Bank Digital Currencies, everything you’ve spent your life building and protecting is in jeopardy.

Precious metals are historically the most reliable and safest hedge against economic turmoil. With the Biden regime and globalists enhancing the chaos, it’s important for patriotic Americans to take control of their financial future.

Ira Bershatsky offers consultations to those who want to invest in precious metals. During these consultations, he will match your current financial situation with the best physical precious metal purchases whether you want to rollover your IRA or have coins discreetly shipped to your home. You will not talk to a telemarketer or sales rep. You will talk to a true expert in precious metals with decades of experience helping people protect and advance their wealth.

Fill out the form here and we will schedule a precious metals consultation with Our Gold Guy, Ira.

Schedule a Precious Metals Consultation Today:

Tags: BusinessEconomyLedeNetflixRussiaStock MarketStocksTop Story


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