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22 Oct 2019 10:31
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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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     Today's News

    Soccer:
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    Tennis:
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    Entertainment:
    Kylie Jenner and Travis Scott were a “great team” during a spooky Halloween themed outing with their daughter Stormi 10:06

    Politics:
    Donald Trump's plan to drill for oil in the Arctic wilderness is dividing Indigenous Alaskans 9:57

    Entertainment:
    Jim Carrey and Ginger Gonzaga have reportedly split 9:36

    Law and Order:
    A Dunedin man will be sentenced today for grooming a 14-year-old, less than three months after being found not guilty of raping a young girl 9:27

    Business:
    Good news for farmers from Fonterra this morning 9:07

    Entertainment:
    Eva Mendes says motherhood is like a “job” 9:06

    Entertainment:
    Angelina Jolie’s children want careers in “humanitarian affairs” 8:36

    Business:
    Wellington Airport's unveiled plans for a billion-dollar revamp as it prepares for passenger numbers to nearly double by 2040 8:16


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