Netflix plummets after missing big on subscriber growth

Netflix plummets after missing big on subscriber growth

6 years ago
Anonymous $hM_jrxqbr-

https://www.cnbc.com/2018/07/16/netflix-q2-2018-earnings.html

Netflix missed its subscriber addition projections for the first time in five quarters, leading shares to tumble more than 13 percent.

The company reported second-quarter earnings after the market closed on Monday. Despite beating estimates on earnings, Netflix posted a huge miss on subscriber additions. The company added 5.15 million subscribers, about one million less than forecast. Domestic additions were only a little more than half than projected, while it also only added 4.5 million subscribers internationally.

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