Netflix loses $16 billion in market value following surprise earnings miss

. Netflix blamed regional price increases, a relatively weak content slate and a "pull-forward effect" of its strong first quarter subscriber growth.

While international paid subscribers still grew, the company widely missed estimates. Netflix reported international paid subscriber net adds of 2.83 million compared to estimates of 4.81 million, forecast by FactSet., which has pinned much of its growth opportunity to international expansion in highly populated regions.

Still, Netflix is hopeful about the upcoming quarter. The company forecast 7 million paid net adds and revenue of $5.25 billion. Netflix predicts strong viewership of its new seasons of "Stranger Things," "The Crown," and "Orange is the New Black," among other hits will help buoy its subscriber growth.

s_rewritten That’s what happens when you push a narrative on people. We aren’t as stupid as you all would like to think. The silent majority of us speak with our wallets. Same reason NBC revenue is down. Nobody wants to spend their money to be lied to be manipulated.

netflix Content is terirble. Go to any movie genre and after the first 4-5 movies you're left with movies that never saw the light of day it would seem. Prime Video is exponentially better with respect to content and adding suggested content based on what you have watched.

Didn’t they raise rates and expect to lose content? It’s not that surprising.

0bama's fault.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Netflix Misses Q2 Subscriber Forecasts, Hits Revenue Target, Beats On EarningsNetflix undershot its own guidance for net added subscriptions in the second quarter, blaming its own content slate and other variables rather than new competition or U.S. price hikes. It delivered…
Source: DEADLINE - 🏆 109. / 63 Read more »

Netflix is set to report earnings after the bellThe report is a chance for Netflix to prove how it plans to compete against legacy media companies that are now expanding into streaming. Up or down?
Source: CNBC - 🏆 12. / 72 Read more »

Netflix Earnings Letter Takes On Streaming Rivals, Loss Of ‘Friends,’ ‘The Office’Netflix’s second-quarter results have historically been softer than in other periods. But Wednesday’s glaring miss of subscriber targets, and the complete flattening of U.S. subscriber … FriendsTV NetflixUK
Source: DEADLINE - 🏆 109. / 63 Read more »

LIVE: Netflix reports its Q2 earnings as new competitors loom on the horizonNetflix posts earnings for Q2 2019 on July 17, and will update Wall Street on subscriber growth, revenue, and profit.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Netflix stock drops more than 10% as earnings show huge drop in new subscribersNetflix Inc. shares plunged more than 10% in the extended session Wednesday after the video-streaming giant badly missed projections for new paid subscriptions. GarCapital Down from 5 day high in the low 380’s. Too many streaming competitors this is only the start!!!!! $DIS is gonna take over $NFLX
Source: MarketWatch - 🏆 3. / 97 Read more »