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.

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