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Netflix details video game push as it forecasts weak growth

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Reuters

By Lisa Richwine and Akanksha Rana (Reuters) -Netflix Inc said it would make a deeper dive into video games as the movie and TV streaming service projected weak subscriber growth amid growing competition and the lifting of pandemic restrictions that had kept people at home. The company’s shares were about even at $531.10 in after-hours trading on Tuesday. Earnings for April through June came in at $2.97 per share, below the average forecast of $3.16, according to analysts surveyed by Refinitiv. Netflix is weathering a sharp slowdown in new customers after a boom in 2020 fueled by stay-at-home …

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