This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Netflix Finds Even ‘Squid Game’ Only Has So Much Reach
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Markets > Netflix Finds Even ‘Squid Game’ Only Has So Much Reach
Markets

Netflix Finds Even ‘Squid Game’ Only Has So Much Reach

Editorial Board Published October 19, 2021
Share
Netflix Finds Even ‘Squid Game’ Only Has So Much Reach
SHARE

‘Squid Game,’ the South Korean survival drama, has quickly become Netflix’s biggest TV series ever.

Photo: Netflix

By

Dan Gallagher

Oct. 19, 2021 6:26 pm ET

For Netflix, NFLX 0.16% recovering from the post-pandemic slump is proving to be a complicated plotline.

One major twist came in the form of “Squid Game,” the South Korean survival drama that made its debut on Sept. 17 and has quickly become the company’s biggest TV series ever. Netflix co-Chief Executive Officer Ted Sarandos conceded at the Code Conference last month that its success took even the company by surprise. Netflix said Tuesday in its third-quarter report that 142 million households chose to watch the series in its first month, blowing past the 82 million who watched the company’s previous record holder, “Bridgerton.”

That gave a boost to the all-important number of paid subscribers to the company’s streaming service. Netflix added about 4.4 million in the third quarter—25% more than it had previously forecast.


Newsletter Sign-up

Heard Alert

The first word on what Wall Street is talking about.


But the lift might be short-lived. The company’s projection of 8.5 million net new paying subscribers for the fourth quarter was only in line with Wall Street’s forecast. It was also roughly in line with the number of subscribers added in the fourth quarter for the past three years, despite what Netflix describes as a “backloaded big content release schedule” this time around. Three of the new seasons of TV shows slated for release in the current quarter—“The Witcher,” “You” and “Tiger King”—rank among the company’s top 10 series of all time.

That led to a subdued market reaction, with Netflix’s shares slipping more than 1% following Tuesday’s report. But a lot was already priced in: The stock had jumped 24% since the company’s last quarterly release in July as investors anticipated improved subscriber growth trends following an anemic first half of the year.

Most of those gains also came before the debut of “Squid Game,” though. The series is a bona fide blockbuster that has spawned comedy sketches, TikTok memes and even consumer products that Netflix said Tuesday are on their way to stores now. But, with its stock once again floundering after quarterly results, Netflix’s Wall Street audience was a bit too warmed up.

Write to Dan Gallagher at [email protected]

Heard Stock-Picking Leaderboard

Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

TAGGED:MarketsPAIDWall Street Publication
Share This Article
Twitter Email Copy Link Print
Previous Article SPAC Shareholders Approve Deal That Will Take WeWork Public SPAC Shareholders Approve Deal That Will Take WeWork Public
Next Article National School Boards Association rocked by state members after call for crackdown on parents National School Boards Association rocked by state members after call for crackdown on parents

Editor's Pick

Fremont police ask for assist discovering ‘at risk’ lacking lady

Fremont police ask for assist discovering ‘at risk’ lacking lady

FREMONT — Police listed here are asking for the general public’s assist finding a woman who disappeared on Friday afternoon…

By Editorial Board 1 Min Read
Why “No Pain, No Gain” Is Hurting Your Health—and What to Do As an alternative
Why “No Pain, No Gain” Is Hurting Your Health—and What to Do As an alternative

At 43, I’ve grow to be much more taken with how motion…

16 Min Read
How Hulk Hogan strong-armed his wrestling persona right into a money-making machine
How Hulk Hogan strong-armed his wrestling persona right into a money-making machine

FOX Enterprise’ Jackie DeAngelis experiences that WWE legend Hulk Hogan has died…

5 Min Read

Oponion

Time to Upgrade Your Old Phone? More Consumers Say, ‘Not Yet’

Time to Upgrade Your Old Phone? More Consumers Say, ‘Not Yet’

The global smartphone market is taking a breather.With inflation lifting…

August 21, 2022

San Jose police arrest suspects in harmful copper wire theft

SAN JOSE — Patrol officers early…

May 26, 2025

Travis Kelce is Lacking Taylor Swift’s Last Exhibits (In Extra Methods Than One)

Regardless of what he would possibly…

November 8, 2024

Christine Brown: I HATED Having Intercourse with Kody!

Studying Time: 3 minutes Christine Brown…

June 9, 2025

Quick-food employees should work almost an hour to afford meals they serve

Quick-food employees are struggling to afford…

May 23, 2025

You Might Also Like

Microsoft joins unique T market cap membership after AI surge, becoming a member of just one different firm
Markets

Microsoft joins unique $4T market cap membership after AI surge, becoming a member of just one different firm

Angelo Zino, a CFRA Analysis senior fairness analyst, discusses the efficiency of Microsoft, Meta and the general tech sector within…

4 Min Read
Moderna plans to slash 10% of workforce as COVID shot gross sales gradual
Markets

Moderna plans to slash 10% of workforce as COVID shot gross sales gradual

Rep. Russell Fry, R-S.C., discusses the Home probe into Pfizer’s launch of COVID vaccine outcomes and extra on ‘Varney &…

3 Min Read
Figma goes public, and the CEO was a fellow at Peter Thiel’s basis
Markets

Figma goes public, and the CEO was a fellow at Peter Thiel’s basis

‘Making Money’ host Charles Payne discusses whether or not the inventory market is a coiled spring able to explode or…

5 Min Read
Zuckerberg needs to offer everybody their very own private superintelligence via Meta’s new imaginative and prescient
Markets

Zuckerberg needs to offer everybody their very own private superintelligence via Meta’s new imaginative and prescient

Meta CEO Mark Zuckerberg on Wednesday introduced the tech large will give attention to growing a private superintelligence for everybody, which…

4 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?