New Delhi, July 17 -- Shares of Netflix came under heavy selling pressure in Friday's trading session, 17 July, plunging 12.6% to a 22-month low of $65 after the streaming giant issued another muted revenue outlook, even as its second-quarter results broadly met Wall Street expectations.

If the losses hold through the close, the stock will register its biggest single-day decline in nearly four years.

For the June quarter, Netflix reported revenue of $12.56 billion, up 13% year-on-year, marginally below analysts' estimates. The growth was driven by higher membership, subscription price increases and rising advertising revenue.

Earlier this year, the company increased subscription prices across all its streaming plans. Netflix said the i...