. 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 with estimates of 4.81 million, forecast by FactSet., which has pinned much of its growth opportunity on 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 that will help buoy its subscriber growth.
The people are sick and tired of politics masquerading as 'entertainment'.
I ditched Netflix a few years back. They didn't meet my needs in programming. No reason to pay for something you don't use.
$NFLX Needs to dump the political shenanigans and biases as most of Americans are sick of having politics rammed down there throats 24/7. netflix seewhatsnext $NFLX BTW is socialist garbage.
I dropped my subscription due to Netflix love affair with Obama, Rice, AOC .... I work hard for a living, not another penny to Netflix.
Yeah give DaveChappelle another 60m and chrisrock another 50m. Get that $NFLX money boys before it all gone eddiemurphy better stop negotiating and take the 100m they’re offering ASAP !💰💰💰💥
negativity
Guess they didn’t quite have that elasticity model figured out ?
Netflix getting political makes me consider finding a new service.
.netflix has an awesome business model, great service and top notch customer service! A dip in financial numbers has been the “norm” lately for many businesses! Our economy that remains strong will continue to keep USA based businesses strong!
No one needs Netflix. They're going the route of ESPN and taking on a political mantle that has nothing to do with their business model. Shareholders should be livid.
Just wait few days. It will go back up. This is standard wall st manipulation by crooks, imo. They get you going up or down. Wall st thieves, or hedges as they call themselves control the markets with their so called analysts, imo
Susan Rice is on the Board Of Directors And the OBamas are going to provide content of some kind. I’m crying in my soup over this 😄👍
Never should have introduced commercials and increased pricing. AMAZON IS A BETTER DEAL. Stack TV replaces cable. Overtime Amazon will improve content and offering and wipe out Netflix just like Blockbuster Video.
That has to sting.
Content is gone to shit
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