Shares of the company closed at $325.21, one day after Netflix reported its second quarter earnings, revealing the company grew subscriptions by only about half of what it had forecast.
"Our missed forecast was across all regions, but slightly more so in regions with price increases," the company said in a letter to investors."We don’t believe competition was a factor since there wasn’t a material change in the competitive landscape during Q2." Media research firm MoffettNathanson kept a neutral rating on the company, noting that the company showed its first sequential decline in U.S. subscribers since 2011.
Content providers and studios have been slowly taking off their content in lieu in their own services. Disney and marvel content will be soon. Like I need 5 different premium streaming services.
That's what happens when netflix focus just on originals instead of renewing tv shows/movies
Shouldn’t have gotten rid of the office
Netflix has reached it's plateau. Fun ride while it lasted.
They need to keep Friends!
Netflix is about to lose 90% of it's catalog. No more Disney, fox, warner media, NBC, ect. Yet they are still rasing their prices. All you need now is Hulu, Disney +, and HBO Max.
That’s what you get for pulling out a pro life county
Probably because they're removing The Office tbh
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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
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