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Netflix shares dive as revenue barely beats expectations

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Netflix says the World Baseball Classic held earlier this year boosted its popularity in Japan, one of the countries where games were played

Netflix says the World Baseball Classic held earlier this year boosted its popularity in Japan, one of the coutries where games were played

Netflix shares plummeted more than 8 percent on Thursday as the TV streaming titan reported quarterly revenue of $12.25 billion, which slightly topped expectations.

An earnings letter to investors came with word that co-founder Reed Hastings will step away from the company when his term as chairman of the board of directors ends in June.

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Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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