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Netflix Slides on Outlook for Greater Competitive Threats

  • Apple, AT&T, Comcast and Disney are all attacking the market
  • Stock drops as much as 3.7% on first-quarter subscriber view
Bloomberg business news
Jason Vaillancourt of Putnam Investments and Bloomberg's Mike Regan break down Netflix earnings. (Source: Bloomberg)
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Netflix Inc. says it’s ready to take on the toughest year in its history in terms of new streaming competition. Investors have their doubts.

Netflix delivered generally upbeat fourth-quarter results after Tuesday’s close, with overseas growth helping offset a slowdown at home, but it expects to add fewer subscribers in the current quarter than Wall Street projected.