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25 Aug 2019 10:12
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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


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    A Maori group says it'll take its legal battle over Sydney's largest business district to Australia's highest court More...



     Today's News

    Tennis:
    Former finalist Kevin Anderson has withdrawn from the US tennis Open due to a knee injury 10:07

    Law and Order:
    Michael van Gerwen's made it back to back New Zealand darts titles 10:07

    International:
    Prince Andrew says it was a 'mistake and an error' to continue friendship with Jeffrey Epstein 10:07

    Environment:
    How genetics could soon become the new frontier for advantage in sport 9:37

    Accident and Emergency:
    Two motorcyclists have been taken to hospital with critical injuries after their bikes crashed in Waihi 9:27

    Law and Order:
    Spies in our suburbs 9:17

    General:
    Lisa Carrington's romped to a seventh consecutive world title 8:07

    International:
    Why Macau hasn't been swept up by Hong Kong's pro-democracy protests 7:57

    Basketball:
    A poor third quarter has cost the Tall Blacks in their opening game of a pre-basketball World Cup four-team invitation tournament in China 7:57

    Business:
    A Maori group says it'll take its legal battle over Sydney's largest business district to Australia's highest court 7:47


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