Netflix shares slide on disappointing subscriber growth

📆 7/18/2019 6:37 AM
📰 cebudailynews

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Via inquirerdotnet Netflix said that it still sees long-term growth on target, dismissing concerns that consumers were gravitating to rivals. Read more:

Netflix, known for its original shows such as “The Crown” and “Orange is the New Black,” said the latest shows did not attract as many subscribers.

“Netflix has a difficult road ahead with looming competition and the removal of popular content, but a strong content schedule in Q3 should draw many former subscribers back in,” said eMarketer forecasting analyst Eric Haggstrom. “From what we’ve seen in the past when we drop strong catalog content… our members shift over to enjoying our other great content.”

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