Netflix Pushes International Growth, But Shares Fall as U.S. Subscriber Growth Slows
Video streaming subscription site Netflix has been aggressively launching in international markets in recent months, which seems like good business sense. But unfortunately, the company’s expansion coincides with declining subscriber growth in the US, leading to its lowest stock price in three months. Shares fell 12% to $60.12 on Tuesday, despite the fact that the site acquired 1.16 million new US streaming subscribers in the third quarter. In fact, sales actually rose 10% to $905.1 million,…
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