Netflix drops after-hours as subscribers turn off following recent price rises

Credit: Proactive Investors- Published on April 17, 2019
Netflix Inc (NASDAQ:NFLX) smashed expectations with its first-quarter results, but shares in the US TV streaming giant fell overnight as it warned subscriber growth will slow over the next few months. The company, which is behind popular shows such as Stranger Things and the Crown, added a net 9.6mln customers in the opening...
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Credit: Wochit
Published on April 16, 2019 -  00:44
Netflix Shares Down As Weak Second Quarter Forecast
After reporting better-than-expected subscriber additions in the first quarter, Netflix on Tuesday forecast a fall in global paid subscriber additions for the second quarter compared with a year earlier. According to Reuters, the news sent its shares down 4 percent. The second-quarter forecast was also lower than 5.45 million subscribers that the company added a year earlier. The company said it now expects to add 5 million subscribers globally in the current quarter compared with 5.48 million paid subscribers globally. Netflix has been adding subscribers at a faster pace, fueled by higher spending on original shows such as “Sex Education” and “Russian Doll”.

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