etflix Shares Fall by 8% as Revenues Fail to Meet Expectations

Netflix Inc. witnessed an over 8% decline in its shares during post-market trading, following the release of its recent quarterly earnings report. The streaming giant reported revenues of $8.19 billion, falling short of the forecast, even though it was a 3% increase compared to the previous year. Moreover, the revenue projection provided by the company for the forthcoming period was also below what market analysts had predicted.