Why Investors Tuned Out Netflix

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Netflix Inc (NASDAQ:NFLX) shares have enjoyed an incredible run over the past decade. Subscriber growth seemed limitless, profitability was improving, and the pandemic gave us a compelling case for watching TV at home. Things took a drastic turn on April 19, 2022, when Netflix announced its Q1 results. Rather than gaining subscribers as forecasted, the company lost 200,000. This was the first decline in over a decade, and investors rushed to pull their money out. Q1 2022 hedge fund letters, conferences and more So, is there a buying opportunity now that Netflix shares are trading at multi-year…

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