Netflix Inc said on Thursday it has cut the prices of its subscription plans in some countries as the streaming giant seeks to maintain subscriber growth amid tough competition and stressed consumer spending. The stock fell nearly 5%, underperforming the broader market and on course for its worst day in more than two months. The […]
However, earnings per share came in at 12 cents, which was less than the 45 cents expected by analysts polled by Refinitiv. Netflix projected a “modest” gain in subscribers through March. It projects a 4% year-on-year growth in revenue during the period with the help of new revenue streams. The company faces restrained consumer spending […]
