Netflix Misses U.S. Subscriber Target for 3rd Straight Quarter After Mocking Christians, Abortion Activism

Netflix disappointed investors when the streaming entertainment giant reported domestic subscriber growth that missed forecasts for the third straight quarter, signaling continued weakness at home as the company supports leftist politics and faces increasing competition from Disney, Apple, and other studios.

Shares of Netflix fell in after-hours trading Tuesday before recovering the losses. In early Wednesday trading, the stock was down more than 3 percent.

While Netflix blamed the miss on growing competition, it has also been courting controversy in recent months, alienating large numbers of consumers. The company launched a new comedy show in December that portrayed Jesus Christ as a gay man, prompting an international boycott petition that has so far received more than 2 million signatures.

Last year, Netflix threatened to pull production from Georgia following the state’s passage of the so-called “fetal heartbeat” bill on abortion. Ted Sarandos, Netflix’s chief content officer, took an overtly pro-choice stance on the issue, saying the company will help to fight the law in court.

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It's like these companies want to commit business suicide by pissing off a large part of their subscribers.