𝙽𝚎𝚝𝚏𝚕𝚒𝚡 𝙲𝚊𝚗𝚗𝚘𝚝 𝙲𝚑𝚒𝚕𝚕: 𝚃𝚑𝚎 𝚂𝚝𝚛𝚎𝚊𝚖𝚒𝚗𝚐 𝙶𝚒𝚊𝚗𝚝 𝙸𝚜 𝙽𝚘𝚠 𝙻𝚘𝚜𝚒𝚗𝚐 𝚂𝚞𝚋𝚜𝚌𝚛𝚒𝚋𝚎𝚛𝚜
For the second time this year Netflix shares are in
freefall. The company's share price is currently down more than 30% this morning after reporting not-just-a-slowdown-in-growth but an actual
drop in subscriber numbers, with more expected to come.
The streaming giant lost 200k subscribers in its latest quarter, and in its shareholder letter outlined that it expected to lose another 2 million in the next, as competition intensifies and its biggest markets become saturated.
This is a big deal because, despite being painfully aware of increased competition, Netflix had still expected to
gain 2.5 million subscribers this quarter.
𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐
