https://finance.yahoo.com/news/netflixs-horrendous-subscriber-numbers-bad-sign-181549460.html

“They spent twice as much on marketing in the U.S. ($227 million compared to $113 million a year ago) and saw a 37% decline in subscriber growth (to 670,000),” points out Michael Pachter, an analyst with Wedbush Securities. “That’s horrendous, and they expect to spend a similar amount in Q3 and to deliver a similar number of domestic subscriber additions. I think that means that they are approaching market saturation more rapidly than many had anticipated.”" data-reactid="19">“They spent twice as much on marketing in the U.S. ($227 million compared to $113 million a year ago) and saw a 37% decline in subscriber growth (to 670,000),” points out Michael Pachter, an analyst with Wedbush Securities. “That’s horrendous, and they expect to spend a similar amount in Q3 and to deliver a similar number of domestic subscriber additions. I think that means that they are approaching market saturation more rapidly than many had anticipated.”

Two firms, Credit Suisse and UBS, slashed their price targets from $500 to $470 and $425 to $360, respectively. " data-reactid="20">Two firms, Credit Suisse and UBS, slashed their price targets from $500 to $470 and $425 to $360, respectively.