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Netflix Misses U.S. Subscriber Growth Targets, Stock Plummets


Netflix added a net 3.6 million streaming subscribers worldwide in the third quarter, but gained far fewer subscribers in the U.S. than expected — sending the company’s stock plunging more than 14% Wednesday in after-hours trading.

For the quarter ended Sept. 30, Netflix reported 69.17 million streaming subs. It added 2.74 million overseas, better than its previous projections, but added just 880,000 in the States compared with its forecast of 1.15 million for the quarter.

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WizzroSupreme1005d ago

No wonder given how much stuff they lose every month.

RetrospectRealm1003d ago

What is that supposed to mean? They lose the rights to stuff and gain the rights to other stuff. It happens. Not to mention everything they lose eventually comes back.

Aldous_Snow1003d ago

What have they lost? Once I watch something once on Netflix, I don't go back and watch it again.

DarkBlood1004d ago

guess that would explain fewer constant releases everywhere espeically here in canada