21-04-2021 18:44 via feedproxy.google.com

Investors shouldn't over extrapolate based on Netflix's disappointing quarter as the shift to streaming is set to continue, LightShed's Greenfield says

Reed Hastings, Netflix's CEO.
(Photo by Jacopo Raule/Getty Images)
Netflix stock tumbled as much as 8% on Wednesday after posting disappointing earnings.
The streaming giant added just under 4 million subscribers in Q1 versus 15.8 million in the same quarter last year.
LightShed Partner's Rich Greenfield says investors shouldn't "over extrapolate" based on the poor results.
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Netflix's disappointing first-quarter results ha
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