San Diego, CA -- (SBWIRE) -- 05/02/2022 -- Netflix, Inc. is under investigation over potential securities laws violations by Netflix, Inc. in connection with certain financial statements.

Investors who purchased shares of Netflix, Inc. (NASDAQ: NFLX), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Netflix, Inc. (NASDAQ: NFLX) concerning whether a series of statements by Netflix, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Netflix, Inc. reported that its annual Total Revenue rose from over $24.99 billion in 2020 to over $29.69 billion in 2021, and that its Net Income increased from over $2.76 billion in 2020 to over $5.11 billion in 2021.

On April 19, 2022, after the market closed, Netflix, Inc. reported that it lost 200,000 subscribers during the first quarter, while analysts had expected the Company to add 2.5 million net subscribers.

Shares of Netflix, Inc. (NASDAQ: NFLX) declined from over $620 per share in December 2021, to as low as $185.60 per share on April 28, 2022

Those who purchased shares of Netflix, Inc. (NASDAQ: NFLX) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.