Tech
Netflix reports Q4 revenue of $7.71 billion, up 16% year-on-year, net income of $607 million, 222 million paid subscribers, and $30 billion in 2021 revenue, up 19% By year; stock drops 11%+ on weak guidance (Todd Spangler/Variety)
Todd Spangler / Diversity:
Netflix reports Q4 revenue of $7.71 billion, up 16% year-on-year, net income of $607 million, 222 million paid subscribers, and $30 billion in 2021 revenue, up 19% By year; shares down 11% + due to weak guidanceNetflix ended 2021 with slightly lower-than-expected subscriber growth in the fourth quarter, and its stock plunged on a poor Q1 outlook.
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