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On Monday after close, stocks fell 14 percent to $ 343.60, losing $ 24.2 billion in market value
By
Lisa Richwine and Vibhuti Sharma, Reuters
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July 16, 2018, 8:18 pm
Netflix shares fall on subscriber growth below expected
On Monday after close, stocks fell 14 percent to $ 343.60, losing $ 24.2 billion in market value
<img src = "https://abrilexame.files.wordpress.com/2018/05/2018-05- 16t030350z_11184440.jpg "class =" abril-image optimized lazyload "abril-data-id =" 3005265 "sizes =" (min-width: 991px) 680px, (max-width: 420px) 420px, (max-width: 360px) 360px, "srcset =" https://abrilexame.files.wordpress.com/2018/05/2018-05-16t030350z_11184440.jpg?quality=70&strip=info&resize=680,453 680w, https://abrilexame.files.wordpress.com /2018/05/2018-05-16t030350z_11184440.jpg?quality=70&strip=all&resize=420,280 420w, https://abrilexame.files.wordpress.com/2018/05/2018-05-16t030350z_11184440.jpg?quality=70&strip= all & resize = 360,240 360w, "alt =" Netflix, movies and series platform "title =" Netflix, Netflix: the company added 5.2 million users from April to June, or 1 million less than forecasts (Mike Blake / Reuters)
Netflix Net growth The number of subscribers was below expectations, which lowered the company's stock by 14% due to fears of a slowdown in the company's expansion.
The company added 5.2 million users from April to June, down 1 million Netflix added new content like "Lost in Space" and new episodes of the Marvel series [19659009] "Jessica Jones" and "13 Reason"
Netflix said he "overestimated" the quarterly fluctuations in the pace of new clients. "
" We had a strong second quarter but we did not played, "said Netflix in a quarterly letter to shareholders.
Shares of Netflix were up and came in second place in the S & P 500. Monday, shares Netflix fell 14% to $ 343.60, losing $ 24.2 billion in market value.
"Investors are devastated by the Netflix projection in the second quarter. Now, the projections are suspicious, and this tarnishes the value of the company, "said Eric Shiffer, managing director of Patriarch.
Netflix added 670,000 subscribers to the US, well below the estimates of the analysts 1.19 million, according to Thomson Reuters I / B / E / S. The company has gained 4.47 million new subscribers internationally, while analysts expected 4.97 million.
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