Netflix shares fall as new subscriptions drop in Q3

[Hanno Labuschagne]

Netflix shares fall as new subscriptions drop in Q3

Netflix Inc. tumbled in late trading after missing Wall Street’s estimates for subscribers, renewing doubts about its ability to maintain growth as pandemic lockdowns go away and competition intensifies.

The world’s largest paid streaming service added just 2.2 million new subscribers in the third quarter, well short of the 3.32 million predicted by analysts, as well as the company’s own more conservative projection.

Netflix also predicted that it will sign up 6 million new subscribers this period, below the 6.54 million Wall Street estimate.

[Bloomberg]

 

[r4nd0m]

I wonder if this had anything to do with the Cuties movie they forced on people and wouldn't backtrack on?

 

[supersunbird]

I wonder is this had anything to do with the Cuties movie they forced on people and wouldn't backtrack on?

Yoh, it would autoplay when opening Netflix?

 

[r4nd0m]

Yoh, it would autoplay when opening Netflix?

Who knows, I don't have Netflix. I just watched the backlash on YouTube.

 

[Ninja'd]

I wonder is this had anything to do with the Cuties movie they forced on people and wouldn't backtrack on?

I don't remember being forced to watch it and have it displayed when I loaded up Netflix.

 

[r4nd0m]

I don't remember being forced to watch it and have it displayed when I loaded up Netflix.

Ahh I see. Poor choice of words on my part.

I meant forced as in they weren't listening to the outcry and demands to remove it. Forcing it upon customers in terms of it being acceptable material to watch.

 

[azbob]

Ahh I see. Poor choice of words on my part.

I meant forced as in they weren't listening to the outcry and demands to remove it. Forcing it upon customers in terms of it being acceptable material to watch.

Or it has nothing to do with that since this article is about new subscribers. Unless the potential new subscribers are like you and were “We heard Netflix was forcing child porn on people so we’re not joining. I saw it on YouTube”.

 

[r4nd0m]

“We heard Netflix was forcing child porn on people so we’re not joining. I saw it on YouTube”

The streaming giant Wednesday said it gained just 2.2 million global subscribers in the three months ended Sept. 30 – and just 180,000 in the U.S. – after adding 16 million from January to March and 10 million from April to June. The third-quarter gain is less than the 2.5 million Netflix forecast to analysts in July.

You might be on to something.

Was 'Cuties' fallout to blame for Netflix's sharply slowing growth?

Netflix reported just 2.2 million new subscribers in the three months ended Sept. 30, after 26 million added earlier this year. Is 'Cuties' to blame?

www.usatoday.com

 

[azbob]

You might be on to something.

Was 'Cuties' fallout to blame for Netflix's sharply slowing growth?

Netflix reported just 2.2 million new subscribers in the three months ended Sept. 30, after 26 million added earlier this year. Is 'Cuties' to blame?

www.usatoday.com

What I’d like to know is how many people cancelled due to it. Get us those figures, stat!

 

[d0b33]

Netflix is overrated.

 

[backstreetboy]

Netflix is overrated.

Lol yes just under 200 million subscribers have it all wrong.