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18 Sep 2019 19:49
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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


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     Top Stories

    RUGBY RUGBY
    Tonga's Rugby World Cup squad sing on Japanese flight ahead of playing England More...


    BUSINESS BUSINESS
    The arrivals terminal for the Interislander ferry in Wellington has closed immediately because of earthquake risk More...



     Today's News

    Rugby:
    Tonga's Rugby World Cup squad sing on Japanese flight ahead of playing England 19:47

    Entertainment:
    Louis Walsh has mocked Simon Cowell's "new face" 19:46

    Cricket:
    Ben Stokes hammers The Sun for 'despicable' story dredging up family trauma 19:37

    Entertainment:
    Jennifer Lawrence and Cooke Maroney have been spotted at a marriage bureau 19:16

    Law and Order:
    Two young men have been arrested in relation to two daytime burglaries in Thames where an elderly man was assaulted 18:57

    Entertainment:
    Brad Pitt thinks Kanye West is doing something "really special" with his Sunday Service 18:46

    Rugby:
    Springboks coach Rassie Erasmus has made just one change from the side that drew with the All Blacks in July for Saturday's Rugby World Cup campaign opener in Yokohama 18:37

    Entertainment:
    Victoria Beckham was bullied "mentally and physically" at school 18:16

    Rugby League:
    Sam Burgess has been issued with a 'please explain' notice for publicly criticising the NRL's judiciary 18:07

    Entertainment:
    Tom DeLonge and his wife Jennifer have split up after 18 years of marriage 17:46


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