Netflix names Ted Sarandos co-CEO, forecasts weaker growth

  • 📰 Reuters
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Netflix Inc on Thursday said its subscriber growth during the coronavirus pandemic would slow even more than Wall Street expected during the third quarter, sending its shares tumbling more than 10% in after-hours trading.

) on Thursday said its subscriber growth during the coronavirus pandemic would slow even more than Wall Street expected during the third quarter, sending its shares tumbling more than 10% in after-hours trading.

For July through August, Netflix forecast it would add 2.5 million new paid streaming customers around the world. Analysts on averaged expected a projection of 5.3 million, according to IBES data from Refinitiv. Shares of Netflix, which ranked among the biggest gainers of the pandemic, plunged 10% to $472.89 in after-hours trading.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nexfiliz...

The problem with Netflix is that they behave like Hollywood. I don't have anything against Gaya bit I don't want to watch it. It is like CW, they have the capacity to make great TV, great money but they decided it to put in every serie a bunch of gays and lesbians.

Maybe they should give this a watch before it leaves netflix

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:

 /  🏆 2. in US

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 names Ted Sarandos co-CEOWill he be handling the day to day or is he big picture? 😂 TheOffice___ theofficetv
Source: CNBC - 🏆 12. / 72 Read more »

Netflix Names Ted Sarandos Co-CEO, Adds 10 Million SubscribersNetflix continued to be a beneficiary of the shelter-in-place world with the streaming giant beating its forecast for new subscribers as it named programming chief Ted Sarandos co-chief executive. Does this make you more or less likely to invest in Netfilx? Sounds like someone is planning an escape route for their failure to reach their 90m US households target Find some movies that don't suck.
Source: WSJ - 🏆 98. / 63 Read more »

Netflix Ups Ted Sarandos To Co-CEO; Product Chief Greg Peters Adds COO TitleIn a major change to Netflix’s C-suite, content chief Ted Sarandos has been named co-CEO and Chief Product Officer Greg Peters has been named to the additional role of COO. Reed Hastings, who…
Source: DEADLINE - 🏆 109. / 63 Read more »

Ted Sarandos Named Netflix Co-CEO Alongside Reed HastingsNetflix announced that chief content officer Ted Sarandos has been appointed co-CEO of the company, alongside co-founder Reed Hastings. Sarandos, who will continue to serve as content chief, joined… They Netflixed the entire Film & Television industry. Mostly a good thing. The Ent Industry has always been comprised only of lowlifes- nothing new
Source: Variety - 🏆 108. / 63 Read more »

Netflix Adds 10M Subs In Q2, Beats Expectations In Stay-At-Home Era; 3Q Forecast Disappoints, Ted Sarandos Named Co-CEONetflix added 10 million net new global subscribers last quarter, beating expectations. The company’s current third-quarter forecast disappointed however, knocking the stock down 10%. In majo… Eso es bueno pero dejad de cancelar series que nos gustan. NetflixES: sabrinanetflix DesignatedNFLX TheCW: CWKatyKeene PrimeVideoES: TheTickTV PamplinFilmCo THE THEATER'S ARE CLOSED!!! IT'S ALL PLANNED!!!!
Source: DEADLINE - 🏆 109. / 63 Read more »

TV News Roundup: Apple TV Plus Unveils ‘Ted Lasso’ Trailer (Watch)In today’s TV news roundup, Apple TV Plus released the trailer for new comedy series, “Ted Lasso,” and “Alex Rider” gets release dates in new territories, including the U.S. and Germany…
Source: Variety - 🏆 108. / 63 Read more »