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Netflix plunges as subscriber growth stalls
2018-07-17T02:37:51.6568872Z - https://www.facebook.com/bbcnews / Hacker News
Image copyright Netflix Image caption Netflix's The Crown received 13 Emmy nominations this yearNetflix shares plunged by more than 14% in after-hours trade on Monday, after the firm reported disappointing subscriber growth. Netflix said it added 5.2 million subscribers in the three months to the end of June, the same number it did during the period last year. The firm's shares ended Monday's trading session at about $400, but tumbled by 14% after the market closed, as investors digested the firm's quarterly results. It added 4.5 million subscribers internationally, fewer than the two most recent quarters but up 8% year-on-year. Growth is the only metric that really matters to the firm's investors, and so this is a big miss - reflected in the stock price tanking on Monday.

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