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8 Dec 2019 12:47
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  •   Home > News > Business

    Netflix investors are spooked after the streaming service endured a sluggish quarter

    Netflix investors are spooked after the streaming service endured a sluggish quarter


    The media giant picked up 2.7 million subscribers over the last quarter, half the 5 million it had forecast and well down from the 10 million who signed up during the first quarter.

    It comes as rival companies such as Disney and Warner Bros plan their own services, and are stripping their content away from Netflix.

    The company's stock plunged 12 percent after the numbers came out, which could lead to $18 billion in shareholder wealth being wiped off the company's value.

    © 2019 Newstalk ZB, NZCity


     Other Business News
     08 Dec: Mobile outages, flooding and road closures - the impacts of the weekend's heavy rain is being felt by many throughout the South Island
     07 Dec: Pre-Christmas travel disruption could be on the cards for trans-Tasman Jetstar customers
     07 Dec: Queenstown businesses are lauding an 24-hour alcohol ban this Crate Day
     06 Dec: West Coast Civil Defence Emergency Management Group and Westland District Council are closely monitoringtroads and rivers with heavy rain continuing to batter the region
     06 Dec: Drivers from one of the largest bus companies in the country are ramping up strike action - by cutting services in Auckland up until Christmas
     06 Dec: New bank restrictions could push the thorn of business confidence deeper into the Government's side
     06 Dec: There's doubt about the Government's prediction fuel prices could drop by 18 cents
     Top Stories

    RUGBY RUGBY
    An understrength Black Ferns sevens side have proven they can still win without their stars More...


    BUSINESS BUSINESS
    Mobile outages, flooding and road closures - the impacts of the weekend's heavy rain is being felt by many throughout the South Island More...



     Today's News

    Politics:
    The Prime Minister's confirmed Civil Defence minister Peeni Henare will head to the South Island this afternoon to assess the damage 12:27

    Sailing:
    It's been an eventful morning for the Olympic champions at the 49er sailing world championships in Auckland 12:26

    Rugby League:
    At the UK election, the 'Workington man' could decide Boris Johnson's fate. This is how 12:16

    Environment:
    Meet Mark, the 3-tonne inflatable whale teaching people how to help with mass strandings in Tasmania 12:07

    Accident and Emergency:
    One person has died following a crash on Wainui Road, near Whakatane 11:06

    Entertainment:
    Jessica Biel believes that Justin Timberlake didn't cheat on her 10:47

    Cycling:
    The best third place of his career 10:46

    Golf:
    Henrik Stenson has won the latest PGA Tour event in the Bahamas 10:46

    Boxing:
    Dillian Whyte has survived a tough heavyweight boxing fight against Mariusz Wach  10:26

    Entertainment:
    Taylor Swift says "women are more than incubators" 10:17


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