Netflix shares drop on slowing engagement, revenue growth

California-based streaming giant Netflix saw shares drop amid concerns about a slowdown in viewer engagement and revenue growth (JUSTIN SULLIVAN) Netflix stock dropped more than five percent Tuesday afternoon after its quarterly earnings release failed to assuage investor concerns about a slowdown in viewer engagement and revenue growth. "We know there's some investor concern about our view hours growth," the company said in a letter to investors, referring to how the company measures engagement, and added that it was "confident" it could accelerate that growth. The California-based streaming giant has struggled to meet investor expectations for several quarters as it faces competition from other streamers, gaming and sports.