16-07-2018 22:51 via thedrum.com

Second quarter Netflix subscription numbers disappoint

Netflix’s latest earnings report shows signs of stagnation: the streaming giant added 5.2 million subscribers during its second quarter this year, the same amount it gained a year earlier.
The company added 670,000 subscribers in the US and 4.5 million internationally in its second quarter. Revenue came in at $3.9bn, up from last year’s $2.8bn, while net income for the quarter was $384m, and increase from $66m the year prior.
The subscriber numbers failed to meet analyst expectations
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