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9 Dec 2019 5:04
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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.

    © 2019 Newstalk ZB, NZCity


     Other Business News
     09 Dec: Thousands of Auckland commuters will have to find an alternative way to work this morning
     08 Dec: China's exports unexpectedly fell 1.1 per cent in November from a year earlier
     08 Dec: Parts of the South Island telecommunications network are still down following severe weather
     08 Dec: Mobile outages, flooding and road closures - the impacts of the weekend's heavy rain is being felt by many throughout the South Island
     07 Dec: Pre-Christmas travel disruption could be on the cards for trans-Tasman Jetstar customers
     07 Dec: Queenstown businesses are lauding an 24-hour alcohol ban this Crate Day
     06 Dec: West Coast Civil Defence Emergency Management Group and Westland District Council are closely monitoringtroads and rivers with heavy rain continuing to batter the region
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    BUSINESS BUSINESS
    Thousands of Auckland commuters will have to find an alternative way to work this morning More...



     Today's News

    Business:
    Thousands of Auckland commuters will have to find an alternative way to work this morning 4:56

    Rugby League:
    A maiden home-series win in the Australian Baseball League, but not without trouble for the Auckland Tuatara 4:46

    Sailing:
    News Talk ZB Sport - 4:36

    Sailing:
    Peter Burling and Blair Tuke are reflecting on being back on top of the 49er world 4:36

    Environment:
    MetService has issued severe thunderstorm warnings for parts of New Zealand 21:57

    Accident and Emergency:
    A fourth person has died following Friday afternoon's crash on State Highway One in Kaikoura 18:57

    Business:
    China's exports unexpectedly fell 1.1 per cent in November from a year earlier 18:57

    Cricket:
    CRIK:Strikers set Heat 162 to win WBBL final 18:37

    Living & Travel:
    Big dogs can now travel on Auckland trains - but pet owners will be kept on a tight leash 18:07

    Hamilton:
    Both New Zealand riders missed out on the final of the womens keirin at the UCI World Cup in Cambridge 17:27


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