Netflix Plummets After Subscriber Growth Hits A Brick Wall; US Subs Decline | Zero Hedge

Is the Netflix juggernaut finally dead? Back in April, when Netflix reported strong Q1 earnings, what surprised most investors was the company’s unexpectedly weak outflook, predicting a sharp slowdown in subscriber growth, with roughly 5 million in new subscriber adds.

In retrospect, nobody was prepared for just how bad the final number would be, because moments ago while Netflix reported strong top and bottom line results, it was the collapse in Q2 subscriber growth that is the reason why the stock is…

https://www.zerohedge.com/news/2019-07-17/netflix-plummets-after-company-reports-collapse-subscriber-growth-decline-us-subs

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