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26 Feb 2020 7:30
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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.

    © 2020 Newstalk ZB, NZCity


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    BUSINESS BUSINESS
    Airports are blaming the Government for rising costs that could push airlines out of the New Zealand market More...



     Today's News

    Entertainment:
    Kristen Bell wouldn't be married to Dax Shepard if they met five years earlier 7:29

    Politics:
    The Greens candidate standing in the Prime Minister's Mt Albert electorate, thinks prisoners should have the right to vote 7:26

    Rugby League:
    NRL talent Kalyn Ponga could sign a long-term deal to remain in the NRL while also trying to make the All Blacks 7:16

    International:
    Indonesia's child rights commissioner apologises for saying women can get pregnant by sharing pool with men 7:06

    Entertainment:
    Khloe Kardashian is "doing everything in her power" to co-parent peacefully 6:59

    Entertainment:
    Serena Williams finds it hard being a working mom 6:29

    Business:
    Airports are blaming the Government for rising costs that could push airlines out of the New Zealand market 6:16

    Cricket:
    A remarkable finish to Otago and Auckland's Plunket Shield match at the Eden Park Outer Oval 5:46

    Entertainment:
    Duchess Meghan will be "front and centre" at the Invictus Games 21:59

    Accident and Emergency:
    One person has died following a serious crash on SH4 at Manunu, east of Taumaranui 21:57


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