Shares in the streaming service company slumped 35% as it warned of tough times ahead.
One of Netflix most popular series, Bridgerton, launched its second series last month
Yet some cast doubt on its plans to boost growth, which include bringing in a free ad-supported service. "While Netflix's business is fundamentally simple to understand, in light of recent events, we have lost confidence in our ability to predict the company's future prospects with a sufficient degree of certainty," he wrote.
"Once you move above that something has to give in a cost-of-living crisis, and while Netflix is still the market leader, it doesn't have the deeper pockets of Apple, Amazon or Disney, which makes it much more vulnerable to a margin squeeze."
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