Netflix just saw its first decline in paid U.S. subscribers since 2011. During the quarter, its paid subscriber base in the U.S. went from 60.2 million to 60.1 million.

The slight drop in Netflix’s U.S. subscriber base, combined with fewer-than expected international adds in the second quarter, sent the company’s stock (ticker: NFLX) tumbling 12% in after-hours trading Wednesday. The streaming company still reported better-than-expected earnings, but investors tend to focus on its subscriber trends and not much else. The company said it sees a return to subscriber growth in the third quarter.

Netflix Stock Tumbles After U.S. Subscribers Drop for the First Time in Years

Netflix stock tanks after company’s U.S. subscriber count falls

Netflix stock plummets after massive subscriber miss


After Netflix’s Prices Go Up, Its U.S. Subscriptions Go Down

Netflix stock slumps as subscriber growth slows

Netflix stock drops more than 10% as earnings show huge decline in new subscribers

Netflix Stock Plunges 12% On US Membership Cancellations, Subscriber Estimates Miss



Leave a Reply

Your email address will not be published. Required fields are marked *