Netflix adds fewer-than-expected subscribers in second quarter

FAN Editor
FILE PHOTO: The Netflix logo is seen on the company's office in Hollywood, Los Angeles
FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson/File Photo

July 17, 2019

(Reuters) – Netflix Inc added fewer paid subscribers than expected in the second quarter as the video streaming pioneer raised prices in some of its major markets, including the United States.

Netflix added 2.7 million paid subscribers internationally, compared with analysts’ estimate of 5.05 million, according to IBES data from Refinitiv.

(Reporting by Vibhuti Sharma in Bengaluru; Editing by Anil D’Silva)

Free America Network Articles

Leave a Reply

Next Post

U.S. solar sector launches lobbying push to preserve key subsidy

FILE PHOTO: Solar panels are pictured at the BP America Gasosaurus Gas Unit well site in Lufkin, Texas, U.S., June 13, 2018. REUTERS/Jonathan Bachman/File Photo July 17, 2019 (Reuters) – The U.S. solar industry on Wednesday kicked off a lobbying push aimed at convincing Congress to extend a generous tax […]