But Netflix’s guidance for the second quarter was shaky, sending the stock down 7 percent in after-hours trading before it reversed course and dropped 1 percent. In the first quarter, the streaming service increased its global subscriber base by 9.6 million, outpacing analyst expectations of 8.9 million. But the company reduced its earnings guidance for the second quarter from 99 cents per share to 55 cents, prompting the initial sell-off. But he also attributed the numbers to a “definite seasonality” related to the second quarter. Netflix s believed to be near 150 million subscribers globally, with about 60 million of them in the United States.

Source: Washington Post April 16, 2019 20:48 UTC