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Arab News – Netflix action drops 14% After the decline in the number of subscriptions, beware of our visitors: the Arab citizen is looking for the first and last place to know the truth, c & rsquo; Is what we seek in politics. What is being developed on our Arab News site, "Netflix has dropped by 14% after the drop in the number of contributions," which has become the goal of the respect of the Arab continent that seeks to know the credibility of the information that he consults. The truth to the Arab continent, we offer the news "Netflix shares fall 14% after the decline in the number of subscriptions."
(Arab News _ your way to know the truth), the news was moved Tuesday, July 17, 2018 15:20 – Netflix shares fell more than 14% in post-trading trading yesterday, after the Company has shown a disappointing growth in the number of subscriptions, according to the website "euronews".
Netflix said that it has gained 5.2 million subscribers in the three months to the end of June, the same figure as in the same period last year, but its forecast was 6.2 million. This drop comes after the success of the stock, which has almost doubled this year so far.
The company's shares closed yesterday's trading session at around $ 400, but fell 14% after market close, as investors absorbed the company's quarterly results.
Investors worry about Netflix's growth potential in the face of increasing competition from tech giants such as Apple, YouTube and Amazon, as well as traditional companies that have begun to invest more in streaming line. Disney, for example, is in the process of launching its own content delivery service and ceasing to license its content to Netflix, according to Euronews.
The company said in a tweet on Twitter that the reality of growth in the second quarter did not meet expectations, but it is not a crisis and it is not a problem. is not worrying.
In a speech to investors, Netflix described its quarterly performance as strong but not excellent, with around 130 million subscribers worldwide.
The company attracted 670,000 subscribers in the United States alone, well below the number of subscribers in the second quarter of 2017 which exceeded one million subscribers.
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Arab News – Netflix shares fall 14% after stock plummets – Stocks drop Netflix 14% after decline in subscriptions
Source: 7th day
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