Netflix stock drops after mixed Q4 earnings results

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Netflix stock was down roughly 4% in after-hours trading Thursday after the company posted quarterly results that missed investor expectations on revenue, though it beat earnings expectations.

Yes, but: Most importantly to Wall Street, Netflix beat expectations for user growth, growing its total paid subscriber base to nearly 140 million worldwide.

The campaign to dethrone Netflix

Illustration: Rebecca Zisser/Axios

Everyone wants a piece of the $19 billion U.S. subscription video market that Netflix created, then cornered.

The big picture: Netflix has already reached saturation in the U.S. with nearly 60 million domestic subscribers, and it can't afford to lose customers to new streaming rivals.

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