时间:2025-04-03 14:21:40 来源:网络整理编辑:休閑
Netflix is still growing, but not as fast as it once was. The streaming service added only 1.7 milli
Netflix is still growing, but not as fast as it once was.
The streaming service added only 1.7 million members in the second quarter of 2016, nearly 1 million fewer than expectations.
During the same period last year, Netflix added 3.3 million members.
SEE ALSO:Netflix signs deal to exclusively stream CW shows 8 days after season finales"We are growing, but not as fast as we would like or have been," CEO Reed Hastings wrote in a letter to shareholders Monday. "Disrupting a big market can be bumpy, but the opportunity ahead is as big as ever and we continue to improve every aspect of our business."
The disappointing growth numbers led to an aggressive stock decline -- though it's worth noting that Netflix is no stranger to wild stock swings.
Netflix stock prices fell 16.7 percent in after-hours trading on Monday. The company finished the quarter with $1.8 billion in revenue.
Hastings blamed media coverage in April of Netflix's plan to raise subscription prices by up to $2 a month as a reason for the disappointing quarter.
The company referred to that plan as "un-grandfathering" members who had cheaper plans to full price.
"We think some members perceived the news as an impending new price increase rather than the completion of two years of grandfathering," Hastings said to shareholders.
Although Netflix acknowledged that it lost members due to the price hike, it said the increase will still lead to more revenue to drive long-term growth.
Hastings said he did not blame increased competition from streaming services like Amazon Prime and Hulu for the earnings miss.
As for the near term, Netflix is expecting to lose money. The company's global expansion, launched last January, is expected to result in a $95 million loss in the third quarter as the company invests in new areas. Regulations in China, leading to the closure of Disney's Alibaba-partnered streaming service, also challenged the Netflix over the past months.
Have something to add to this story? Share it in the comments.
TopicsNetflix
Cat gets stuck in the most awkward position ever2025-04-03 14:10
萊萬:我的進球荒根本不存在 拜仁火力全開狀態正佳2025-04-03 13:45
曝C羅施壓索帥:每輪聯賽都首發 來曼聯隻為奪獎杯2025-04-03 13:30
殺瘋了!羅馬尼亞聯賽球員2分鍾內轟2記超級世界波2025-04-03 13:27
Snapchat is about to explode in popularity, report says2025-04-03 13:00
被問對中國足球還好奇嗎? 白岩鬆:好奇還能差成什麽樣2025-04-03 12:42
巴薩新10號世界波扳平+舍身造點 1數據梅西都拿不到2025-04-03 12:34
回歸 !庫鳥破11個月球荒 阿圭羅10年後再戰西甲2025-04-03 12:20
Australian football makes history with first LGBT Pride Game2025-04-03 12:04
穆帥 :我的工作比阿萊格裏更難 我必須去適應球隊2025-04-03 11:38
Did our grandparents have the best beauty advice?2025-04-03 14:15
女超聯賽公布第二階段賽程 10月19日至11月4日進行2025-04-03 14:10
亞冠明年延續集中賽會製 中超俱樂部如何應對 ?2025-04-03 13:51
藍月雙核驅動麵對魚腩豪取9連勝 7輪不敗緊追榜首2025-04-03 13:41
Here's George Takei chilling in zero gravity for the 'Star Trek' anniversary2025-04-03 13:35
曝J聯賽改革或恢複企業冠名 中超政策製定者曾有分歧2025-04-03 13:03
洛國富曬健身照肌肉健碩 :保持冷靜 生活才剛開始2025-04-03 12:55
開玩笑請適度!藍鷹大將跳到科雷亞背上慶祝 染紅後飆淚2025-04-03 12:47
Snapchat is about to explode in popularity, report says2025-04-03 12:23
攔不住 !萊萬3腳打門即獲雙響 8輪9球追平哈蘭德2025-04-03 11:43