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Netflix Shares Plunge as Subscriber Growth Rate Stalls

Accepted submission by Phoenix666 at 2018-07-17 13:40:42
Techonomics

Netflix shares plunged by more than 14% in after-hours trade on Monday, after the firm reported disappointing subscriber growth [bbc.co.uk].

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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