Netflix faces rocky road after pandemic wins

The number of Netflix subscribers grew to 222 million last year, but the streaming firm is facing a rocky road ahead as the surge of interest it saw during the pandemic fades.

Overall, Netflix added 18.2 million members last year - roughly half the number who subscribed in 2020.

Investors had hoped that pace would start to pick up again.

But the firm's 2022 forecast brought bad news, sending shares down almost 20% in after-hours trade.

The firm said it expected to add just 2.5 million members in the three months to March - far lower than analysts had expected.