Well to many adding 4.47 million subscribers and hitting a new all-time high in subscribers sounds great to wall street they wanted to see a higher subscriber count. Wall Street analysts were expecting Netflix to report $.79 on revenues of $3.94 billion and an addition of 6.2 million subscribers. That's compared with analyst estimates that Netflix would have Q3 net adds of 947,000 in the US and 5.05 million internationally.
"We had a strong but not stellar Q2, ending with 130 million memberships", Netflix said in a letter to shareholders. In second quarter previous year, Netflix posted $2.79 billion in sales. Worldwide Netflix added 4.47 million subscribers below the 5 million predicted.
Cash burn - something Netflix has been reducing for the past few quarters - also had a noticeable uptick.
Despite the "near-term gut punch", Netflix is still well-positioned for future growth, GBH Insights analyst Daniel Ives wrote in a note. As Yahoo Finance previously reported, Netflix plans on spending roughly $2 billion on original content for 2018 - 25% of the $8 billion it spends on all content.
Netflix's explosive growth may be starting to plateau. All told, Netflix now boasts upwards of 130 million subscribers across the globe. For the first time, Netflix generated more revenue outside the U.S.: global revenue totaled $1.92 billion and U.S. revenue was $1.89 billion for Q2. "In addition to succeeding commercially, we are starting to lead artistically in some categories, with our creators earning enough Emmy nominations this year to collectively break HBO's fantastic 17-year run".
The online streaming giant's shares have soared 115pc since the start of the year, helping it leapfrog Disney to become the most valuable media company in the world.
Amazon promises an additional 10 percent off hundreds of sale items at Whole Foods and deeper discounts on some popular products. The company ruffled feathers earlier this year when it upped the annual price of a Prime membership from $99 to $119.
But a us military official familiar with the matter said last month it was not clear what North Korea might hand over. North Korea then proposed meeting U.S. military officials on Sunday, U.S. and South Korean officials have said.
To help you communicate with your driver without taking their attention off of the road, we've made sending a message simple. Uber didn't specify when the new features would be available, but an update is now rolling out in the Play Store.
In a statement emailed to Business Insider, the company said that the decision is based on the performance of the brand. Several major outlets, including Nordstrom , Neiman Marcus and Marshalls, have scaled their Trump offerings way back .
Former intelligence chiefs who served under President Barack Obama were scathing in their criticism of his remarks. Yet while Trump's remarks drew criticism in both parties, the reaction was more muted from the Republican side.
Additionally, the Mayor of Hawkins ( Cary Elwes ) has drafted a letter to the people of his town about the incoming shopping mall. One, this is meant to be an in-universe ad, and we know that Stranger Things 3 will actually take place in the summer of 1985 .
The highlights continued under LeBron's watch, as Alex Caruso 's 4-point play got King James pumped just before halftime. He officially signed his four-year, $153 million contract with the Lakers earlier this month.
It didn't help the PM this week when president Trump said he feared the deal would kill hopes of a US-UK trade deal . Trump also continued his public criticisms of the European Union , calling it a "foe" in a CBS interview.
Amazon Prime Day runs into snags swiftly
Prime Day , named for Amazon's $120-a-year Prime membership, begins Monday at 2 p.m. and lasts until midnight on Tuesday. Amazon recommend downloading their app which allows you to get notifications when your favourite items go on offer.
7-year-old hit, killed crossing I-94 in Romulus
The girl, who was not identified, was texting 911 for help when she was hit by a vehicle , according to the Detroit Free Press . Police have not released the name of the 7-year-old, but the girl's mom told FOX2 that it was her daughter, Dessandra Thomas .
Severe thunderstorm watch in effect for region
Environment Canada is reminding the public the safest place for people and pets during a thunderstorm is indoors. Their injuries were found to be minor, but six to ten Canadians per year are killed by lightning.
'Doctor Who' Trailer Teases 13th Doctor, Companions
There's still no revelation yet of when the new series will air - either in the United Kingdom or here in New Zealand. Well, wouldn't you know it, this is the same edition of the comic that Thirteen gives to Graham in this new teaser.
Harry Styles says everyone is 'a little bit gay'
Singer Harry Styles wrapped up his debut tour here with an emotional speech, thanking his fans and the audience for their support. His announcement was greeted with huge cheers by the crowd at the show, which was the final concert on Harry's solo world tour.
China files complaint to WTO over Trump's $200bn tariff plan
China disputes the USA allegation, saying last week , "The tariffs are typical unilateralism, protectionism and trade bullying". Chinese leaders have stepped up efforts, so far without success, to recruit governments including Germany and France as allies.
Rain sticks around in Central Georgia
That means a chance for a showers and thunderstorms straight through the weekend, with highs in the low to mid 80s. Comfortable conditions are expected for Wednesday through Friday , with daytime highs expected in the low 80s.