Netflix investors seek signs of resurgence after July letdown - Tech News - News Summed Up

Netflix investors seek signs of resurgence after July letdown - Tech News


While the service released 452 hours of new work, according to a report from Cowen & Co, the lineup didn’t include new seasons of any top shows. In the third quarter, Netflix released 676 hours of new programming, according to Cowen, more than double a year earlier. While the streaming service doesn’t say how many customers it has in any market besides the United States, it does offer a glimpse of its progress with quarterly commentary. The company also forecast growth of 650,000 domestic subscribers and 4.35 million internationally.While investors focus on subscriber growth, Netflix has been trying to get them to pay more attention to another metric – average subscription prices. But investors may wonder where the money is going if Netflix misses again.


Source: The Star October 16, 2018 10:07 UTC



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