Netflix reports disappointing Q2 results after failing to match expectations

Netflix released its quarterly report for the April-June period and it is glooming - the company missed on expectations for paid subscribers in the United States and the international market. Following the report, shares went down 10%, even if earnings per share and total revenue were on point. In a memo to investors, Netflix said the most prominent loss of subscribers was in markets where the monthly price was increased. The detailed numbers reveal a loss of 126,000 paid subscribers in the United States, instead of adding 352,000 new. The key reason was the lack of new content -...

via shopmatrix