Sponsored Content
« Serious Question | Main | Howard Fineman: I'm a Hotshot Reporter and Super-Connected DC Fixture but I Didn't Know That Everyone Loathes the Political Establishment »
July 25, 2019

Netflix Suddenly Losing A Lot of Subscribers

Burn it all.

They hiked their prices again -- to watch the same ten Korean gangster films you've already seen three times, plus all the great Parks & Rec you could want -- and people said, "Nah, brah."

While earnings-per-share came in at $0.60, four cents above expectations, and revenue was only $10 million short of expectations at $4.92 billion, the subscriber numbers were of grave concern.

Domestic paid subscribers actually fell by 126,000, while the expectation was for an increase of 352,000. That's a miss by almost half a million subscribers.

Yet Netflix management doesn't really have a good excuse for this decline, and is using some smoke and mirrors to downplay it.

On the one hand, management said there wasn't any material change to the competitive landscape. On the other, Netflix claims the number of subscribers added in the first quarter was so large that there may have been "more pull-forward effect" than it realized.

That may explain why there weren't any subscriber additions, but it doesn't explain the 126,000 subscribers that canceled the service. It's the first quarter-to-quarter decline in years.

And yet, management claimed that domestic subscriptions were "essentially flat." That's the smoke and mirrors.

Let me clear my tab-bar of this hanger-on:



digg this
posted by Ace of Spades at 05:55 PM

| Access Comments




Recent Comments
Defenestratus: "Man, this pisses me off. Next weekend I'm driving ..."

Miley, okravangelist: "/off rebar sock ..."

rebar: "We're gonna see a lot of beautiful animals and bir ..."

Eman Hussan: "Anyway, like I was sayin', swan is the fruit of th ..."

BEN ROETHLISBERGER[/i]: ">> So a woke Harvard MBA in NYC teamed up with an ..."

Jay in PA: "Hey everyone I have a great idea. What beer drinke ..."

Joe Mannix (Not a cop!): "How in the hell is an online ad network worth that ..."

Tom Servo: "A ten mile wide meteor would do nicely. Doesn't ..."

Smell the Glove: "@220 yup and NYC OTB went bankrupt. Only a governm ..."

Ignoramus: "@209 When InBev bought A/B it brought in cost -c ..."

Lizzy[/i]: ">>". . . leftists are trying to make it impossible ..."

naturalfake : "Bleh. Still no power.. ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64