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Netflix: subscriber growth slows, stock drops

2020-10-20T20:54:56.721Z


“As expected”, its growth slowed to 2.2 million new paying subscribers from July to September, compared to 6.8 million in the third quarter of 2019.


Netflix had its fill of new followers during the months of lockdown, and saw,

"as expected"

, its growth slow to 2.2 million new paying subscribers from July to September, compared to 6.8 million in the third quarter of 2019, according to its earnings release published on Tuesday.

Read also: Salto: the French platform that wants to compete with Netflix

Its title lost more than 5% in electronic exchanges following the close of the session on the New York Stock Exchange, the streaming giant having also disappointed in terms of net earnings per share, at 1.74 dollars instead of 2.13 dollars expected by the market.

Source: lefigaro

All business articles on 2020-10-20

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