Netflix plummeted nearly 40% after Q1 Earnings Call: Will it regain its glory?

Netflix announced its Q1 earnings results on April 19. The results show that its net profit for Q1 2022 was $1.597 billion, a year-on-year decrease of 6.4%, but better than expected. However, the number of paying users decreased by 200,000, far less than expected, although the suspension of service in Russia would have some impact. Affected by the earnings results, Netflix's share price plummeted during the post-market of the same day. It failed to stop the decline on April 20, with a drop of nearly 40%. Regarding the disappointing performance of the past two quarters, how can Netflix break through the predicament, and where will the streaming media industry be heading? Join the discussion and share your ideas with mooers now!