New Delhi, Oct. 22 -- Netflix engagement concerns remain after earnings, highlighting the company's need to prioritize releasing original, high-quality content as rival services-from streamers to social-media platforms and YouTube-threaten to steal viewers.

The streamer reported fiscal third-quarter financial results after the market closed on Tuesday. Netflix stock was down 5.4% on Wednesday to $64.99 and has now fallen 31% this year and 42% over the past 12 months.

Investors are worried about user engagement. Declining viewership could lead to a drop in advertising sales and, eventually, a drop in subscriber numbers. Netflix acknowledged the concerns during its earning call on Tuesday night. Management said that, while engagement is s...