Netflix stopped reporting subscriber numbers in the first half of 2025. (EPA Images pic)SAN FRANCISCO: Netflix stock dropped more than 5% Tuesday afternoon after its quarterly earnings release failed to assuage investor concerns about a slowdown in viewer engagement and revenue growth.

"We know there’s some investor concern about our view hours growth," the company said in a letter to investors, referring to how the company measures engagement, and added that it was "confident" it could accelerate that growth.

The California-based streaming giant has struggled to meet investor expectations for several quarters as it faces competition from other streamers and forms of entertainment including gaming and sports.