Netflix Shares Fall As Weak Forecast Dampens Investors Optimism

Shares of Netflix fell nearly 5 percent on Friday, as investors looked past its record subscriber numbers and instead focused on its lower-than-expected revenue forecast for the first quarter.

The video streaming pioneer’s shortfall in revenue expectations disappointed investors looking for a bigger payoff from the company’s recent decision to raise prices as much as 18 percent for its U.S. customers.