Netflix Shares Drop More Than 10% After Huge Subscriber Miss - News Summed Up

Netflix Shares Drop More Than 10% After Huge Subscriber Miss


Netflix CEO Reed Hastings told shareholders that a weaker content slate and price increases in some regions contributed to the subscriber miss. Net additions to international paid subscribers : 2.8 million vs. Netflix's forecast of 4.7 million. : 2.8 million vs. Netflix's forecast of 4.7 million. Q2 revenue: $4.92 billion vs. Netflix's forecast of $4.93 billion. $4.92 billion vs. Netflix's forecast of $4.93 billion.


Source: Forbes July 17, 2019 23:37 UTC



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