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4 Jul 2025 13:28
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  •   Home > News > Business

    Netflix investors are spooked after the streaming service endured a sluggish quarter

    Netflix investors are spooked after the streaming service endured a sluggish quarter


    The media giant picked up 2.7 million subscribers over the last quarter, half the 5 million it had forecast and well down from the 10 million who signed up during the first quarter.

    It comes as rival companies such as Disney and Warner Bros plan their own services, and are stripping their content away from Netflix.

    The company's stock plunged 12 percent after the numbers came out, which could lead to $18 billion in shareholder wealth being wiped off the company's value.

    © 2025 Newstalk ZB, NZCity

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     03 Jul: Consumer spending's continuing to pick up
     03 Jul: Housing prices are up for the first time in three months, but turnaround hopes may be premature
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     Today's News

    Accident and Emergency:
    A pedestrian's died after being hit by a car near the Manawatu town of Feilding 13:27

    Tennis:
    Reigning champ Carlos Alcaraz admits it's been a crazy first few days at Wimbledon 13:07

    Politics:
    Lost in space: MethaneSat failed just as NZ was to take over mission control – here’s what we need to know now 13:07

    International:
    Diogo Jota crash investigators probe whether speed, burst tyre was factor in Liverpool star's death 13:07

    Entertainment:
    Noah Schnapp felt "very sad" at the end of Stranger Things 13:06

    Rugby:
    Former All Black Mils Muliaina believes modern players are far more adaptable between positions than back in his day 12:37

    Health & Safety:
    ADHD meds are in short supply. Here's why, and what can you do about it 12:37

    Entertainment:
    Henry Golding thinks Charlize Theron is a "rare commodity in Hollywood" 12:36

    Entertainment:
    Cardi B feels proud of her Whipshots success 12:06

    Rugby:
    Fourth seed Jack Draper has been ousted by 2017 finalist Marin Cilic in the second round at Wimbledon 11:57


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