An Interest In:
Web News this Week
- April 26, 2024
- April 25, 2024
- April 24, 2024
- April 23, 2024
- April 22, 2024
- April 21, 2024
- April 20, 2024
October 24, 2012 01:13 am GMT
Original Link: http://feeds.mashable.com/~r/Mashable/~3/_FrexmLZmVw/
Netflix Stock Slides 17% on Weak Subscriber Growth
Netflix's stock slipped 15% after the video streaming and DVD subscription service said in its third-quarter earnings statement that it did not expect to add 7 million domestic subscribers this year, as had been forecast previously.
Netflix added 1.16 million U.S. subscribers and 690,000 international subscribers to its online video-streaming service, and lost 630,000 subscribers to its domestic DVD service in the third quarter. Streaming subscriptions now number 29.41 million, of which 25.1 million are in the U.S. The company's mail-in DVD subscription service now has a modest 8.61 million subscribers, down from 11.04 million at the beginning of the year.
The third quarter was certain…
Continue reading...
More About: netflix
Original Link: http://feeds.mashable.com/~r/Mashable/~3/_FrexmLZmVw/
Share this article:
Tweet
View Full Article
Mashable
Mashable is the top source for news in social and digital media, technology and web culture.More About this Source Visit Mashable