Netflix investors don’t need 13 reasons to be nervous. The video-streaming company reported disappointing subscriber growth for the second quarter Wednesday afternoon. Netflix added just 2.7 million new paid subscribers during the quarter—46% less than the 5 million it projected three months ago. Revenue was in line with forecasts at $4.9 billion, up 26% year over year. Operating income jumped 53% on the same basis to $706 million, thanks in part to a shift in marketing spending into the second half...

Source: Wall Street Journal July 17, 2019 22:07 UTC