Netflix shares slid after the US streaming television titan reported that subscriber growth slowed in the recently ended quarter, after booming in the early days of the pandemic.
"While this is encouraging, we still have much work to do and we're working hard to replicate this success in India and other countries." With subscriber growth slowing domestically, revenue growth at Netflix will likely come from price increases, Benes reasoned. Netflix reported a net income of $790 million on revenue of $6.4 billion, handily topping the same period last year.
Nah, i cancelled my subscription because of Cuties
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Netflix falls short on new subscribers as pandemic boost fizzlesNetflix Inc on Tuesday posted its weakest subscriber gains in four years as streaming competition increased, pandemic restrictions eased and live sports returned to television.
Source: Reuters - 🏆 2. / 97 Read more »
Netflix Subscriber Growth Slows Amid Heightened CompetitionNetflix added 2.2 million subscribers in the quarter on a net basis, short of its forecast in July of 2.5 million new subscriptions for the period. Tudo que a Netflix lança tem ideologia envolvida.
Source: WSJ - 🏆 98. / 63 Read more »
Netflix Misses Subscriber Forecast in Q3, Stock FallsNetflix’s growth in the third quarter cooled considerably after its massive COVID-fueled bump in the first half of 2020. The company netted 2.2 million subscribers in the third quarter of 202…
Source: Variety - 🏆 108. / 63 Read more »
Netflix loses the battle, but it's still on target to win Wall Street's warNetflix shares fell after reporting fewer subscribers than forecast, but the company's main investment thesis remains in tact.
Source: CNBC - 🏆 12. / 72 Read more »
Netflix new subscriber signups plummeted over the summer, halting pandemic-fueled growthAnalysts are unlikely to be concerned with the subscriber slowdown, though, in part because the company is approaching 200 million worldwide subscribers.
Source: washingtonpost - 🏆 95. / 72 Read more »
Netflix Misses Subscriber And Earnings Forecasts In Q3 SetbackNetflix fell short of its own guidance for earnings per share and subscriber growth in the third quarter, Global subscribers totaled 195.15 million by September 30, up from 192.95 million as of Jun… Better greenlight cuties 2 then.
Source: DEADLINE - 🏆 109. / 63 Read more »