The streamer is way below where it needs to be with global subscribers and its stock has suffered greatly because of it with shares down 12% in after-hours trading. Netflix reported global net adds of 2.7 million, well below the five million it forecasted. Of Netflix subscribers, 33% watch its originals, 11% watch only content from other networks and 56% watch equal amounts of both. “This quarter, Netflix significantly missed its global subscriber target. But it had exceeded its global subscriber targets the past three quarters, so it is premature to say whether this is a trend or an aberration,” says Ross Benes, analyst at eMarketer.

Source: Forbes July 17, 2019 22:25 UTC