Netflix Stock Tanks After Q2 Earnings Report

This week is not off to a good start for Netflix. On Monday, the streaming video on demand pioneer reported its second quarter financials.
This week is not off to a good start for Netflix. On Monday, the streaming video on demand pioneer reported its second quarter financials. While the report was strong, Netflix (NASDAQ: NFLX) said in a letter to shareholders that the quarter was 'not stellar.' The biggest difference between actual versus forecast figures was in the membership category. Membership grew by 5.2 million to 130 million members, but this was lower than the 6.2 million new members forecast for the quarter. Netflix said it fell short because it had over-forecast global additions and acquisition growth was slower than expected....

Hello There!

This premium content is exclusively reserved for Subscription Insider members.

Want access to premium member-only content, plus conference discounts and other benefits? We deliver the information you need for improved decision-making, skills, and profitability.

Already subscribed? Log in below.

Up Next

Don’t miss the latest subscription news. Sign up for updates now!

Search this site

Upcoming events

Subscription Show 2022 is the leading subscription business conference for strategy and operations

Keep ahead of your competition

Register now for our weekly subscription news round-up

  • This field is for validation purposes and should be left unchanged.