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Media & Entertainment

Slowdown in Asia-Pacific user growth compounds Netflix woes

U.S. video-streaming giant confirms 'Squid Game' to get 2nd season

People wear costumes from the Netflix series 'Squid Game' while celebrating Halloween, in Hong Kong on Oct. 31.   © Reuters

PALO ALTO, U.S. -- The Asia-Pacific region lost its lead as the main driver of subscriber growth for Netflix in the fourth quarter of 2021 amid a broader slowdown in new-user additions that caused it to miss forecasts and wiped nearly a fifth off its stock price Thursday.

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