Netflix subscription numbers disappoint, stock plunges

Netflix shares plunge in after-hours trade after forecast miss

That compares with consensus estimates for 1.2 million and 5.04 million, respectively.

All told, Netflix over the last three months added 670,000 new subscribers in the United States and 4.47 million new subscribers overseas. Global subscriber net additions are projected at 4.35 million, again, below the average 5.095 million. The company's stock was down more than 13 percent in early after-hours trading in response to the news.

Croatia given heroes' welcome in Zagreb after World Cup final defeat
After bossing the World Cup, Modric and Rakitic are set to return to their clubs with Real Madrid and Barcelona, respectively. They were eventually tackled and taken off the field.


In their letter, Netflix officials acknowledged that the company's subscriber growth was lower than anticipated but didn't off much of an explanation of how it came up short. Wall Street had expected the company to report even more subscribers than it had forecast.

Analysts had expected 79 cents on revenue of $3.94 billion. The 112 Netflix nominations include five best series and best limited series nominations and are spread across 40 different scripted and unscripted series, TV movies, limited series, documentaries, talk shows, comedy specials and series for kids.

Twitter suspends 2 accounts linked to Russian intelligence after hacking indictment
Deputy Attorney General Rod Rosenstein (C) holds a news conference at the Department of Justice July 13, 2018 in Washington, DC. President Putin and President Trump attend a meeting in Helsinki on July 16, 2018.


The good news is Netflix did see a 43% increase in streaming revenue likely from the higher subscriber numbers and new price increase. The streaming-video company reported Monday that it added 5.2 million new members between April and June, a million fewer customers than it had previously forecast.

MA police officer, bystander shot dead with officer's pistol
Grimes said he had spoken to Chesna's mother and she said her son joined the military "to open the doors to get in this job". In a news conference, Weymouth Police Chief Richard Grimes said: 'Officer Chesna was an army veteran.


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