The company said it ended the second quarter with 83 million subscribers, adding 1.7 million. SAN FRANCISCO - Netflix shares plunged Monday after its latest quarterly update showed subscriber growth below expectations for the streaming television giant. Netflix said its march to becoming a global television provider was making progress, projecting gains of some two million subscribers outside the US in the third quarter. Netflix shares tumblked 15 percent in after-hours trade after the company's latest quarterly report showed subscriber growth below expectationsNetflix shares tumbled 15 percent in after-hours trade after the quarterly report. The streaming television pioneer in January significantly expanded its global footprint to 190 countries, making its Internet TV service available in 130 new markets, including India -- but not China.

Source: Bangkok Post July 18, 2016 21:45 UTC