Tuesday, 23 October 2018

Netflix shares slump 14% on tough Q2 figures

By Chris Kelly, Total Telecom
Tuesday 17 July 18

Netflix added one million fewer new subscribers in Q2 2018 than it had originally projected

  Shares in global pay-TV giant Netflix plunged 14 per cent overnight, as the company reported a tougher than expected set of financials for the second quarter of 2018. Netflix added 5.2 million new subscribers in Q2 2018, well short of the 6.2 million it had predicted. While Netflix tried to put a positive spin on the quarter's results…

  Shares in global pay-TV giant Netflix plunged 14 per cent overnight, as the company reported a tougher than expected set of financials for the second quarter of 2018. Netflix added 5.2 million new subscribers in Q2 2018, well short of the 6.2 million it had predicted. While Netflix tried to put a positive spin on the quarter's results…

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