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23 Aug 2019 7:44
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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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     22 Aug: Twenty new rural broadband sites across the country are now up and running
     22 Aug: ANZ says it disagrees with the findings of a Financial Market Authority report
     22 Aug: The Northland Regional Council could be facing a 820-thousand-dollar hole in its pocket
     22 Aug: A hit in the pocket for Air New Zealand staff
     22 Aug: Auckland Airport is on the up-and-up
     Top Stories

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    Waikato loose forward Luke Jacobson's eager for some overdue footy More...


    BUSINESS BUSINESS
    Road advocates are appealing to the government to change its priorities - now that rapid transit in Auckland's being bumped back More...



     Today's News

    Tennis:
    Injury-plagued tennis player Andy Murray will play on the Challenger Tour for the first time in 14 years next week in a bid to resurrect his singles career 7:37

    Cricket:
    Jofra Archer's bouncer on Steve Smith advances cause for mandatory use of helmets in Australian cricket 7:27

    Rugby:
    Waikato loose forward Luke Jacobson's eager for some overdue footy 7:27

    Business:
    Road advocates are appealing to the government to change its priorities - now that rapid transit in Auckland's being bumped back 7:17

    Entertainment:
    Britney Spears doesn't know who she can "trust" 7:11

    Environment:
    Climate change evacuation planning needs to start now, urges scientists 7:07

    Accident and Emergency:
    A person has died after being hit by a car in Kaiapoi this morning 7:07

    Entertainment:
    Duchess Meghan's best friend has accused the public of "racist bullying", amidst the backlash over the royal's private jet use 6:41

    Rugby League:
    The Bulldogs' resurgent finish to the NRL season has claimed another scalp 6:27

    Entertainment:
    Gerard Butler's Malibu home still isn't ready to be rebuilt almost a year on from the California wildfire 6:11


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