Netflix stocks plummet despite having over 81.5 Million subscribers

[xPIKACHUx 288]

"Netflix had a solid start to 2016, reporting that it now has 81.5 million subscribers worldwide. But that wasn't good enough for Wall Street."

"The streaming giant, in reporting its first quarter earnings on Monday, also forecast that subscriber growth in the second quarter would be below industry expectations. That news sent Netflix(NFLX, Tech30) drove shares down 11%."

"Netflix added 2.23 million subscribers in the U.S. last quarter, and revenue was up 18% over last year. The company said that 42% of its subscribers are outside the United States."

"The first quarter was helped by several series including "House of Cards," "Fuller House," and Marvel's "Daredevil."

"Meanwhile, Netflix rival Amazon announced Sunday night that its monthly subscription option for its bundle of Prime services, like free shipping and original content, would include a monthly subscription option."

"Up until this point, Prime service has been only available as a $99 annual subscription. It will now have Prime Video, a stand alone service for its movie and TV collection, that will cost $8.99 a month."

 

SOURCE

[Dangerous Jim 3,910]

Netflix need to provide better movies.

 

On the UK one anyway. And Friends on UK Netflix pls

[Princess Aurora 31,770]

Netflix