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The stock of Netflix is low flying. The streaming service has disappointed with a weak quarterly result. The investor's receipt quickly followed: in US post-trading, stocks fell more than 14% from time to time.
"We had a strong quarter but not exceptional," admits Netflix, miscalculated to have. Subscription figures have not convinced
About 4.5 million new customers are not enough
According to company information, 670,000 new users have been added to the US domestic market from April to June, 4.47 million new international customers. Analysts and Netflix were expecting a lot more. In the middle of the year, the streaming giant had more than 130 million users.
The outlook for the current quarter has not behaved very well: Netflix, which has made a name with serial successes and currently in India is pursuing major expansion plans, is based over five million new users. Analysts' forecasts had reached 6.3 million
During the last quarter, revenue increased 40% year-over-year to $ 3.9 billion, but there is no more met expectations.
Netlix was operational since the beginning of the year a high-flyer
Although revenues in the three months to the end of June rose from $ 65.6 million the previous year At $ 384.3 million, Wall Street's disappointment was strong. However, Netflix has long been one of the major investors in the stock market – since the beginning of the year, the share price had more than doubled.
Some experts have long considered an inevitable correction. After a strong rebound, investors tend to take profits on signs of a turnaround.
In a few years, Netflix has become the pioneer of streaming in a world of heavy entertainment that has upset the Hollywood film industry. Notably because big names such as Disney and Comcast, as well as newcomers like AT & T mobile giant, want to acquire acquires for the era of online television, carousel of recovery in the United States is in full swing. (SDA)
Published 17.07.2018 | Updated at 04:57
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