Netflix's stock sinks as 2Q subscriber growth disappoints

Netflix's stock sinks as 2Q subscriber growth disappoints

6 years ago
Anonymous $hM_jrxqbr-

https://apnews.com/57a81f8d4eb7d76bac33bc495603a5d9

SAN FRANCISCO (AP) — Netflix has added far fewer subscribers than management had projected, renewing fears that its growth may sputter as it tries to fend off fiercer competition.

The company gained 5.1 million subscribers worldwide during the April-June period, more than 1 million customers below the number that management had targeted. The company ended the second quarter with 130 million subscribers, including 57.4 million in the U.S, according to figures released Monday.

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