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2021-04-22

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Netflix deserves the benefit of the doubt, despite subscriber slowdown, Jim Cramer says

KEY POINTS Netflix shares dropped 7% after the company posted its earnings report, but CNBC’s Jim C

Netflix deserves the benefit of the doubt, despite subscriber slowdown, Jim Cramer says

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Investors were disappointed by softer-than-expected subscriber growth and an uncertain future in the short term, Cramer noted.\n“After the incredible performance this company’s given us over the years, you’ve gotta remember that doubting Netflix has been a mistake every step of the way,” Cramer said on “Mad Money.”\nNetflix reported having 208 million paid subscribers at the end of March, a 14% increase from a year ago but short of the 210 million figure the company expected.\nDespite the dip in subscriber growth, CFO Spencer Neumann said on the conference call that “business remains healthy,” engagement is increasing and customer turnover is declining.\n“To me, that says ‘please, don’t panic’ ... 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Netflix deserves the benefit of the doubt, despite subscriber slowdown, Jim Cramer says

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