Netflix Loses 19 Billion In Market Value Cites Weak Subscriber Growth
According to the company, the decline is due to the struggling subscriber growth projected by the company in the second quarter. The company’s earnings per share (EPS) were $1.59 which was less the projected figure of $1.81. It also posted revenue earnings of $6.15 billion higher than the projected $6.08 billion, according to Refinitiv. Also recording Global paid net subscriber additions of 10.09 million. In Q1, Netflix’s revenues grew by 25 per cent....