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posted by
martyb
on Wednesday July 18 2018, @08:38AM
from the still-growing-but-not-[as]-fast-[enough] dept.
from the still-growing-but-not-[as]-fast-[enough] dept.
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?
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Netflix Shares Plunge as Subscriber Growth Rate Stalls
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(Score: 0) by Anonymous Coward on Wednesday July 18 2018, @06:19PM (1 child)
What "rebound" are you talking about? They grew this quarter JUST AS FAST as they did in the same quarter last year.
The idiots on wall street are bitching because it didn't grow FASTER.
(Score: 2) by requerdanos on Wednesday July 18 2018, @07:34PM
So, if their growth did not grow, but only remained the same, THAT'S STAGNATION! I guess. Growth has to be growing for the growth to be growth. A slightly smaller growth rate, see, would be a SHRINKING growth rate, and everyone who forecasts for businesses and stock bettors and bookmakers knows that shrinking is bad for growth.