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Netflix Crashes After Forecasting Slower Subscriber Growth, Despite Burning $1BN In Last 12 Months
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
zerohedge.com / by Tyler Durden on 04/18/2016 16:26
While today’s drift lower in NFLX shares was widely attributed to AMZN’s more aggressive expansion into the streaming video space, some wondered if there was more to it. Moments ago, the answer was revealed and it was a resounding yes.
The reason why NFLX stock is crashing in the afterhours session is (mostly) because of the company’s guidance of its widely followed international expansion. Here, instead of guiding to or above the consensus estimate of 3.45 million subs, Netflix disappointed dramatically and now anticipates only 2 million international streaming net adds, down from both the 2.37 mm a year ago, and certainly from the 4.51mm net adds last quarter.
The post Netflix Crashes After Forecasting Slower Subscriber Growth, Despite Burning $1BN In Last 12 Months appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/04/18/netflix-crashes-after-forecasting-slower-subscriber-growth-despite-burning-1bn-in-last-12-months-2/
