Netflix shares plunge in after-hours trade after forecast miss

Internationally, the company added 4.47 million new subscribers, short of its guidance for 5 million. That compares with consensus estimates for 1.2 million and 5.04 million, respectively. While it's one thing for Netflix to fall short of Wall Street expectations, it's another matter entirely for Netflix to fall short of its own internal projections.

Shares are down $53.47, or 13%, in late trading, to $347.01.

Subscriber additions: 5.1 million total - 670,000 in the USA and 4.47 million internationally.

Sky Sports News reporter rules out Man United selling Paul Pogba
The pundit has a penchant for criticising Paul Pogba , often singling out the Manchester United player for particular scrutiny. Pogba is, however, now a World Cup victor , with his efforts having helped France to global glory at Russian Federation 2018.

Suspect in 1988 killing of Indiana girl, 8, appears in court
Three days later, a jogger discovered April's body about 20 miles to the north in a ditch along a country road in DeKalb County. He also had found one of her shoes in his auto , and he threw that out the vehicle window along the ditch as he drove by.

Vladimir Putin Gives World Cup Fans Visa-Free Russia Entry All Year
Croatia beat England in the semi-final to reach their first ever World Cup final. Then there was an own goal from a set play.

Netflix's subscriber numbers are seen as a bellwether of its fortunes. Wall Street analysts were expecting Netflix to report $.79 on revenues of $3.94 billion and an addition of 6.2 million subscribers. Nonetheless, it's not all doom and gloom for Netflix. Analysts had projected revenue of $3.94 billion. The 112 Netflix nominations include five best series and best limited series nominations and are spread across 40 different scripted and unscripted series, TV movies, limited series, documentaries, talk shows, comedy specials and series for kids.

The California-based company added 670,000 net subscribers in the US, far below the 1.19 million net additions expected by analysts polled by Thomson Reuters.

"This isn't entirely surprising given rising competition in the video streaming market, where Amazon, Hulu, HBO and others are gaining share of subscription video dollars at Netflix's expense", he added.

Latest News