【】

Netflix is still growing, but not as fast as it once was.
The streaming service added only 1.7 million members in the second quarter of 2016, nearly 1 million fewer than expectations.
During the same period last year, Netflix added 3.3 million members.
SEE ALSO:Netflix signs deal to exclusively stream CW shows 8 days after season finales"We are growing, but not as fast as we would like or have been," CEO Reed Hastings wrote in a letter to shareholders Monday. "Disrupting a big market can be bumpy, but the opportunity ahead is as big as ever and we continue to improve every aspect of our business."
The disappointing growth numbers led to an aggressive stock decline -- though it's worth noting that Netflix is no stranger to wild stock swings.
Netflix stock prices fell 16.7 percent in after-hours trading on Monday. The company finished the quarter with $1.8 billion in revenue.
Hastings blamed media coverage in April of Netflix's plan to raise subscription prices by up to $2 a month as a reason for the disappointing quarter.
The company referred to that plan as "un-grandfathering" members who had cheaper plans to full price.
"We think some members perceived the news as an impending new price increase rather than the completion of two years of grandfathering," Hastings said to shareholders.
Although Netflix acknowledged that it lost members due to the price hike, it said the increase will still lead to more revenue to drive long-term growth.
Hastings said he did not blame increased competition from streaming services like Amazon Prime and Hulu for the earnings miss.
As for the near term, Netflix is expecting to lose money. The company's global expansion, launched last January, is expected to result in a $95 million loss in the third quarter as the company invests in new areas. Regulations in China, leading to the closure of Disney's Alibaba-partnered streaming service, also challenged the Netflix over the past months.
Have something to add to this story? Share it in the comments.
TopicsNetflix
相关文章
This chart shows just how high Simone Biles can jump
American gymnast Simone Biles has dominated the Rio Olympics with five medals (four of them gold) bu2025-04-30The Robin smartphone is no more after Razer acquires Nextbit
Nextbit, maker of the crowdfunded Android smartphone Robin, has been acquired by Razer, the companie2025-04-30Bridget Trump's Diary: I went to the Women's March and it was so overrated
Note from the Editor: You've no doubt already heard about the political parody Bridget Trump? The lo2025-04-30Beyoncé's big announcement gave an incredible start to Black History Month
Queen Bey just snatched the entire month.。Beyonce and Jay Z announced that they will be having twins2025-04-30Make money or go to Stanford? Katie Ledecky is left with an unfair choice.
This is Katie Ledecky's world right now, and the rest of us are just living in it. Want proof? Ledec2025-04-30Trump's piano guy and cello player just trolled Hillary fans, bigly
In the event supporters of Hillary Clinton haven't had a bad enough day, Donald Trump's camp just ra2025-04-30
最新评论