+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Here's what Wall Street is saying about Netflix's troubling subscriber shortfall

Jul 19, 2016, 22:36 IST

Kate Mulgrew, left, and Selenis Leyva on &quotOrange Is the New Black."JoJo Whilden/Netflix

Netflix's stock is down 13% on Tuesday, after the streaming video service's new subscriber additions came in way below expectations in the second quarter.

Advertisement

Netflix added 160,000 U.S. subscribers in the second quarter, compared to Wall Street's forecast of 509,000, and its international growth also missed targets.

The company blamed the lack of subscriber growth on the media's coverage of the "'un-grandfathering' of Netflix accounts" that resulted in price hikes for many subscribers.

Analysts cut their price targets for the stock, though many are still bullish.

Here are some of the key takeaways from analysts who cover the stock:

Advertisement

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article