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15 Dec 2019 12:14
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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
    We need dedicated resources around the All Blacks More...


    BUSINESS BUSINESS
    Changes to the Rugby Championship appear increasingly likely if recent discussions are anything to go by More...



     Today's News

    Rugby:
    We need dedicated resources around the All Blacks 12:06

    Environment:
    Heavy rain's expected to pelt the West Coast of the South Island today 11:56

    Accident and Emergency:
    Police are disappointed they haven't been able to find any more bodies on Whakaari / White Island 11:46

    Environment:
    Thousands of dead fish have been seen washing up on an island in Auckland's Hauraki Gulf 11:06

    Law and Order:
    Australian swimmer Shayna Jack has maintained her innocence in the doping case against her, saying a steroid detected in her blood may have come from cross-contamination 10:46

    Accident and Emergency:
    There's been a fatal house fire north of Gisborne 10:26

    Business:
    Changes to the Rugby Championship appear increasingly likely if recent discussions are anything to go by 10:06

    Living & Travel:
    What do you do if your dog has cornered a snake? And how do you treat a pet's snake bite? 9:56

    Rugby:
    Former All Black Nehe Milner-Skudder has delayed joining Toulon 9:26

    Tennis:
    Former top singles player Marina Erakovic has been appointed to the role of New Zealand Fed Cup captain 8:16


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