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(Teleborsa) – Despite the strong growth over last year, Netflix's results in the second quarter of 2018 are not in line with market expectations. The streaming platform has revenues and subscribers below Wall Street expectations and Netflix shares in New York, making it the worst on the Nasdaq100
Revenues amounted to 3.91 billion dollars expectations of 3.94 billion euros Despite this, there is a growth of 40.3% against 2.78 billion there are 12 month . This increase is attributable to the recent increase in the price of service subscriptions. Net income also increased sharply from 65.6 million euros to 384.3 million dollars in the same period last year.
The company however falls on the number of subscribers which continues to increase but less than market expectations . At world level, subscribed 5.14 million new subscriptions against more than 6 million envisaged . The result affects competition in online entertainment services performed by giants such as Youtube and Amazon (with Prime service).
Dramatic session for the title Netflix which, having lost more than 14% on the secondary market yesterday July 16, is currently experiencing a decline of 8.03%. In the past year, the stock has gained 128% but, given the emergence of new services offered by competition, badysts fear that such growth rates will not be maintained .
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