Streaming rivals dip as Netflix user miss signals slowdown
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Big streaming rivals are also on the decline after hours following disappointing results from Netflix (NASDAQ:NFLX) - which itself is down 23.4% after shrinking its subscriber base in the first quarter.
Netflix's 200,000-subscriber drop - against some scaled-back predictions that it would grow by 2.5 million - is raising questions about just how far off the end of the total addressable streaming market (once seen as an ever-expanding pie) actually is.

Walt Disney (NYSE:DIS), which has banked heavily on Disney+, Hulu and ESPN+ as a key part of its future, is down 0.4% after hours. HBO Max parent Warner Bros. Discovery (NASDAQ:WBD) has shed 4.9% postmarket. Amazon.com (AMZN) has much more to its business than streaming, of course, but it's down 1% after hours.
Paramount+ parent Paramount Global (PARA) is down 3.8% after hours. Peacock parent Comcast (CMCSA) is getting off relatively light, unchanged.