Netflix shares crater 25% after company reports it lost subscribers for the first time in more than 10 years. - CNBC
Netflix is forecasting a global paid subscriber loss of 2 million for the second quarter. The last time Netflix lost subscribers was October 2011.letter to shareholders Tuesday.
"Streaming is winning over linear, as we predicted, and Netflix titles are very popular globally. However, our relatively high household penetration — when including the large number of households sharing accounts — combined with competition, is creating revenue growth headwinds." Netflix previously told shareholders it expected to add 2.5 million net subscribers during the first quarter. Analysts had predicted that number would be closer to 2.7 million. During the same period a year ago, Netflix added 3.98 million paid users.in a bid to bring in new subscribers after years of resisting advertisements on the platform.$2.89, according to a Refinitiv survey of analysts.
Netflix also cited growing competition from recent streaming launches by traditional entertainment companies, as well as rampant password sharing for the recent stall in paid subscriptions. The company estimates that in addition to its 222 million paying households, access is being shared with
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Netflix stocks plunge 25% after streaming service loses 200K customersDrop stems partly from company's decision to suspend service in Russia to protest war in Ukraine, but deeper problems exist.
Les mer »
Netflix shares drop 25% after service loses 200K subscribersInvestors had already been bailing out of the company’s once high-flying stock amid a dramatic slowdown in subscriber growth.
Les mer »
Figure Skating in Harlem: 25 years and growing - New York Amsterdam NewsFigure Skating in Harlem celebrates its 25th anniversary with a gala on April 25, and has become a success story built on academics, social growth and, well, yes, ice time.
Les mer »
Community meetings in the San Fernando Valley, April 18-25Find a book club, gardening club, neighborhood council, a veterans group and other meetings plus charity and volunteer opportunities.
Les mer »
25 Years Later, Nicole Kidman Puts a New Spin on ChartreuseNot many people can pull off chartreuse quite like Nicole Kidman.
Les mer »
The 25 Best Mineral Sunscreens, According to DermatologistsFor every day and every body.
Les mer »