Netflix reports weaker-than-expected new subscriptions in the second quarter

Has the bubble finally burst on Netflix?

Netflix shares tumbled more than 14 percent in after-hours trading on Monday after the streaming giant missed its second-quarter growth forecast by more than a million subscribers.

In the third quarter, Netflix expects to add 5 million subscribers - 650,000 in the U.S. and 4.35 million internationally.

Netflix's stock got hammered after the bell after reporting that it added far fewer subscribers in the second quarter than Wall Street was expecting - and warned of another subscriber shortfall to come in the third quarter. Wall Street watches them closely and even a slight miss can...

Meanwhile, technology rivals such as Apple are upping their content efforts.

Republicans, Democrats slam Trump for being soft on Putin
The computer-generated clip appeared to show missiles approaching Florida, the home of Mr Trump's luxury Mar-a-Lago golf resort. A spokesman for special counsel Robert Mueller , whose office on Friday charged the hackers, declined to comment.

Netflix posted its earnings report for the June quarter today and revealed that it added 5.15 million subscribers for the quarter.

Netflix said it made a profit of $384 million on revenue of $3.9 billion in the recent quarter, compared to net income of $66 million on $2.8 billion in revenue in the same period previous year.

Netflix has spent billions of dollars on original content, backing films or shows from creators from a gamut of countries and cultures as it strives for broad appeal as a global television service.

A call with executives was scheduled for the evening of July 16.

Related News:



Most liked

Huge iceberg drifts close to a village on Greenland's coast
The iceberg , which drifted towards the village at the rate of hundreds of metres per night, is now grounded in the shallow bay. Last year, a tsunami caused by a landslide on another island settlement killed four and injured 11.

Reporter Forcibly Removed From Trump-Putin Press Conference
But after being given the idea by his interviewer, Trump said; "Certainly I'll be asking about it". Brennan served as director of the Central Intelligence Agency from 2013 through January 2017.

Trump Leaves GOP, Intelligence Community and Allies in the Hot Seat
Coats' statement was seen as an uncommonly brusque pushback by the U.S. intelligence community against the White House. Asked if Russian Federation was at all to blame for the poor ties, he said: "I hold both countries responsible".

Grabill man arrested in 1988 slaying of April Marie Tinsley | Police/Fire
Miller said he choked the girl so she would be unable to tell anyone about the crime, adding that it took her 10 minutes to die. The next day, after he saw no news reports about the case, Miller said he drove by the site where he had dumped the body.

Demi Moore jokes about marriage to Bruce Willis at comedy roast
The latest bigwig to get roasted is none other than Bruce Willis , an actor you might remember from the hit film Mercury Rising . Honestly, the fact that Bruce Willis has to clarify whether or not Die Hard is a Christmas movie is kind of ridiculous.

Amazon Prime Day 2018: The top USA deals in tech
It's also the first Prime Day with Whole Foods, Amazon's most expensive acquisition, integrated under the Jeff Bezos umbrella. It's a particular embarrassment for Amazon , on the shopping holiday it created that has become one of its busiest days.

First look at Olivia Colman as the Queen in 'The Crown'
Netflix on Sunday released the first image of Olivia Colman as the long-reigning monarch in the popular series. The third season focuses on Queen Elizabeth II in middle age, which is why Colman is replacing Foy.

Daley Blind closing in on Ajax return
The Red Devils will receive £14 million (€16m/$19m) for the Netherlands global , with add ons possibly bringing the fee up to £18m (€20.5m/$24m).

23 injured when lava bomb hits Hawaii tour boat
The observatory added that the tiny island is likely part of the flow from fissure number eight, which is entering the ocean. The lava came from the Kilauea volcano , which has been erupting for months.

‘Stranger Things 3’ teaser introduces new location and job for Steve
Netflix's Stranger Things season 3 hits us with a burst of nostalgia in the first teaser for the upcoming episodes. Created by the Duffer Brothers, Stranger Things seasons one and two are now available to stream on Netflix.

Ex-Sinn Fein leader targeted in attack
An explosive device was thrown at the home of former Sinn Féin leader Gerry Adams in on Friday night, the party has said. A second device was thrown at the home of the party's former Northern Ireland Chairman Bobby Storey, he said.

France's top honour for World Cup team
The French are welcoming home their soccer heroes in Paris today after becoming the 2018 World Cup champions. "It is marvellous. The World Cup winners were set to parade down the Champs Elysees Monday in front of thousands of supporters.

Rooney makes triumphant MLS debut in 3-1 DC United win
Rooney again had a risky attempt in the 88th minute but his volley attempt went sailing over the crossbar. Earlier Rooney was involved in the buildup to United's second goal in the 69th minute, also from Arriola.

Best of Amazon Prime Day
You can set notifications for your favourite items to see if they come on sale, as well as preview deals before they go online. Amazon's prices may not even be lower than the everyday prices found at rival retailers, according to 2017 research.

British rescuer considers legal action against Elon Musk over ‘pedo’ tweet
Musk posted the baseless accusation shortly after. "He had no conception of what the cave passage was like,"said Unsworth". Unsworth, asked about the tweets in a television interview , declined to say what he thought of Musk's comments.