Netflix disappoints investors and its share drops by 12.92%

CITY OF MEXICO (Expansion) –

The euphoria on Netflix is ​​over?

The company's shares fell by 12.92% as markets close Monday in the US market, after revealing that the number of subscribers in the second quarter of the year was lower the expectations of analysts.

which added 4.47 million subscribers internationally, a figure lower than that expected by Reuters analysts, who were expecting an addition of 4.97 million. 39; users. Now the production company of series such as "Stranger Things" has about 130 million subscribers worldwide.

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"We continue to invest in our mobile experience." Last week, we introduced our "Smart Downloads" feature on Android for members using our offline mode, which is particularly popular in emerging markets, "the firm said in a letter to

In the United States, during In the second quarter of 2018, 670,000 subscribers were added, well below the estimates of analysts consulted by Reuters, who estimated an increase of 1.19 million Netflix has the function of "smart downloads" .

In a letter to shareholders, Netflix said that he had a "strong but not stellar" second quarter and acknowledged that he expected to face more competition in the future, including AT & T, which now owns HBO, Warner Bros. and CNN.

Disney is also planning its own broadcast service, which should be launched in 2019. It is about to finalize an agreement for the assets of the 21st Century Fox movie studio.

With information from CNNMoney and Reuters .