Tag Archives: nflx

Cable Companies Show Biggest Loss In Q3 Subscribers

The 13 largest pay-TV providers in the U.S. collectively lost about 150,000 net video subscribers in the third quarter. That was a Q3 all-time record and compared with just 25,000 subscriber losses in Q3 2013, according to Leichtman Research. The data suggest cord cutting continues to take hold as people cancel their pay-TV service and turn to Internet services such as Netflix (NFLX), Amazon (AMZN) Prime, and Google’s (GOOGL) YouTube to watch TV

5 key takeaways from Netflix’s shocking Q3 earnings report

Netflix (NFLX) stock got a haircut Thursday after the streaming video company reported disappointing third-quarter subscriber growth and forecast Q4 earnings that were well below Wall Street’s target. Netflix stock was down 22%, at a five-month low near 353, in early afternoon trading on the stock market today. Here are five key takeaways from Netflix’s bombshell Q3 earnings report delivered late Wednesday: 1. Price hike slowed subscriber growth Netflix (NFLX) executives said a price increase implemented in the second quarter pinched subscriber growth in Q3. In May, Netflix raised the price of its streaming service by $1, to $8.99 a month, for new subscribers. “Slightly higher prices result in slightly less growth, other things being equal, and this is manifested more clearly in higher adoption markets such as the U.S.,” Netflix CEO Reed Hastings and CFO David Wells said in a letter to investors. Netflix added 3.02 million streaming subscribers….

Netflix Tanks On Weak Subscriber Growth, EPS Outlook

Internet TV network Netflix late Wednesday missed its own forecast for third-quarter subscriber additions and gave a fourth-quarter earnings outlook well below Wall Street’s estimates. Investors changed the channel and dumped Netflix (NFLX) in after-hours trading, with the stock off 26% to 334. It ended the regular session down 53 cents to 448.80. Netflix earned 96 cents a share in Q3, 3 cents ahead of consensus estimates and up