Wednesday July 8, 2020

Netflix plunges on forecast for weakening subscriber growth

The online TV network expects to add two million new international customers in Q2

19th April, 2016

Netflix expects to add two million new international customers, fewer than the 3.45 million average of five analysts’ estimates compiled by Bloomberg. Domestic customers may increase by 500,000 in the second quarter, Netflix said, compared with the 505,000 average of estimates.

Netflix has pitched itself as a global service that will bring the on-demand TV revolution to countries as diverse as Brazil, Germany and Japan. Investors have anticipated international...

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