Monday, April 18, 2016
=Netflix (NFLX) reported earnings on Mon 18 Apr 2016 (a/h)
Netflix predicted that it would add roughly 2 million international subscribers during the second quarter that will end in June. That was below the 2.4 million Netflix added during the first quarter that ended in March, and well below Wall Street's expectations that the company would add 3.5 million international subscribers.
Worries about international growth, concerns about rising competition from Amazon and Hulu Networks, along with the prospect that some U.S. subscribers might ditch Netflix when monthly prices rise, all coalesced into a financial stew that left investors queasy.
"We were incredibly excited to grow to over 81 million subscribers," Reed Hastings, chief executive officer of Netflix, told analysts during a conference call to discuss first-quarter earnings results. "It's an enormous quarter for us."
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