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, @03:56PM (1 child)
The actual movie content is SO limited. I'm not one to sit and binge watch tv shows, which seems to be what they are devoted to. I wanted to show my teens kids some movies from my child hood, but guess what? Netflix doesn't have Breakfast Club or Ferris Bueller! I was amazed. How can they call themselves a movie site without any of the classics?
(Score: 0) by Anonymous Coward on Thursday July 19 2018, @02:11AM
The point is valid. The 80s brat pack specifics notwithstanding.