Netflix shares plunged by more than 14% in after-hours trade on Monday, after the firm reported disappointing subscriber growth.
Netflix said it added 5.2 million subscribers in the three months to the end of June, the same number it did during the period last year.
The streaming service had forecast growth of 6.2 million.
The decline in share price follows a successful run for the stock, which had roughly doubled so far this year.
Is the number of Netflix subscribers reaching a plateau based on its current library of titles, or are competitors eating into its growth?
(Score: 0) by Anonymous Coward on Wednesday July 18 2018, @02:18PM (1 child)
We have but I've not watched in years - the last time I was unfortunate enough to catch anything on TV was back in February while visiting friends. Seriously overpriced for awful, low quality programming only one person in the family even makes use of.
(Score: 2) by isostatic on Thursday July 19 2018, @08:03AM
So you pay for Sky, but don't watch it?