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21 Sep 2020 12:39
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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


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     Today's News

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    Living & Travel:
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    Rugby:
    TJ Perenara is preparing to farewell his young family for a lengthy period 12:27

    Entertainment:
    Khloe Kardashian disguised herself as her mother, Kris Jenner, to pull off a hilarious paparazzi prank 12:27

    Entertainment:
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    Entertainment:
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    International:
    Joe Biden says 'voters should be heard' on Ruth Bader Ginsburg's Supreme Court replacement 11:57

    Politics:
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    Entertainment:
    Warner Bros. are "concerned and disappointed" about the wave of misconduct allegations to have hit some of their shows 11:27

    Law and Order:
    Three Christchurch men have appeared in court charged with attempted murder after an alleged drive-by shooting 11:07


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