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International Business Times
International Business Times
Business

Netflix's Earnings Report Was In Line With Analysts' Estimates. Its Stock Plunged Anyway

Netflix Ted Sarandos
Netflix's earnings report was in line with analysts' estimates. Its stock plunged anyway (Credit: Getty Images)

Netflix's earnings report was in line with analysts' estimates. Its stock plunged anyway, falling by double digits on Friday before pairing some losses.

The company reported $12.56 billion in revenue, a 13% inter-annual increase, just below analysts' expectations. The company said the figure could be explained by membership growth, pricing and increased ad revenue.

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