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16 Aug 2020 2:41
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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.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     15 Aug: Auckland's Mayor is urging businesses to act with integrity after reports of price gauging
     15 Aug: Blues coach Leon MacDonald is comfortable if Super Rugby Aotearoa has to be run again in 2021
     15 Aug: Support for the Government's move to help keep businesses afloat
     15 Aug: The Blues are taking a massive financial hit with Sunday's game against the Crusaders cancelled
     14 Aug: Changes to existing Covid-19 schemes, to help businesses across the country
     14 Aug: The real estate sector will be all ears for the Covid-19 alert level announcement this afternoon
     14 Aug: There's a big jump in the number of homes being sold
     Top Stories

    RUGBY RUGBY
    The Highlanders have romped home to sign off Super Rugby Aotearoa with a 38-21 win over the Hurricanes in Dunedin More...


    BUSINESS BUSINESS
    Auckland's Mayor is urging businesses to act with integrity after reports of price gauging More...



     Today's News

    Health & Safety:
    Reassurances a doctor in hospital with Covid-19 did not treat patients while unwell 21:57

    Accident and Emergency:
    There've been two serious crashes this evening 21:17

    Motoring:
    Kiwi driver Scott McLaughlin has a golden opportunity to equal the legendary Peter Brock's Supercars race wins tally after securing pole in Darwin 18:57

    Living & Travel:
    A reminder for Aucklanders - Alert Level Three means stay home and stay local 18:37

    Rugby League:
    Could George Bennett make it two wins in two consecutive races? 18:07

    Netball:
    Invercargill will still host next weekend's ANZ netball Premiership final between the Central Pulse and Mainland Tactix despite the match going behind closed doors 17:57

    International:
    Coronavirus tests at airports have allowed Europeans to travel again. But the system is not without risk 17:57

    Rugby:
    The Highlanders have romped home to sign off Super Rugby Aotearoa with a 38-21 win over the Hurricanes in Dunedin 17:37

    Business:
    Auckland's Mayor is urging businesses to act with integrity after reports of price gauging 16:57

    Business:
    Blues coach Leon MacDonald is comfortable if Super Rugby Aotearoa has to be run again in 2021 16:17


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