Business
Are you still watching? Netflix misses subscriber target by 1.2m – Al Jazeera English
The streaming giant missed Wall Street’s and its own target for the quarter that ended September 30.
Netflix Inc on Tuesday posted the weakest subscriber gains in four years as streaming competition increased, pandemic restrictions eased and live sports returned to television.
The company added 2.2 million paid subscribers globally during the quarter that ended September 30, missing Wall Streets target of 3.4 million and its own forecast.
Earnings per share also landed below analyst expectations at $1.74. The consensus forecast was $2.14, according to IBES data from Refinitiv.
Shares of Netf…
-
Noosa News20 hours agoCommissioner thanks police officer who threw a speed radar at a car
-
Noosa News19 hours agoDefence investigation finds Taipan pilot’s actions possibly prevented further fatalities in crash
-
Noosa News18 hours agoNo matter what happens in his Origin debut, history beckons for rookie maroon Robert Toia
-
Noosa News19 hours agoGood character references restricted in rape cases in Queensland