Netflix subscriber growth slows after pandemic boom as shares fall 11%

Production of new programming has been hindered by Covid-19

Eve Hewson in 'Behind Her Eyes', on Netflix.

Netflix fell short of Wall St’s projections for new customers in the first quarter, the company said on Tuesday, sending shares down 11%.

Roughly 3.98mm people signed up for Netflix from January through March, below the 6.25m average projection of analysts surveyed by Refinitiv.