Netflix fell nearly 2% in premarket trading as it showed the lowest growth rate in 16 quarters

Netflix fell nearly 2% in premarket trading as it showed the lowest growth rate in 16 quarters. 

The financial report showed that Netflix's revenue in the third quarter was 7.48 billion US dollars, which was consistent with market expectations and increased by 16.3% year-on-year, the lowest growth rate in 16 quarters; The net profit was USD 1.449 billion, exceeding the market expectation of USD 1.16 billion and increasing by 83.42% year-on-year.

In the third quarter of 2021, the number of new paid subscribers of Netflix Global Streaming Media was 4.38 million, which doubled year-on-year, and the market is expected to increase by 3.72 million.

The company has 213.56 million paid streaming users worldwide. Four weeks before the launch of Squid Game, a Korean homemade drama produced by Netflix, 142 million member families watched it worldwide.