Netflix stock plunges after subscriber losses ...Egypt

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Netflix stock plunges after subscriber losses
New York (CNN Business) – Netflix’s bad 2022 just got worse. After shares tanked earlier this year because of concerns over its subscriber growth, the streaming leader said that it lost subscribers when it reported first quarter earnings on Tuesday. Netflix (NFLX) now has 221.6 million subscribers globally. It lost 200,000 subscribers in the first quarter of 2022, the company reported on Tuesday. The service was expected to add 2.5 million subscribers, and it said it expects to lose another 2 million subscribers in the second quarter of 2022. The report sent the stock down as much as 25 percent in after-hours trading. Netflix’s fourth quarter profit was $1.5 billion, down from $1.7 billion i

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