The streaming service lost 126,000 U.S. subscribers in Q2.
Netflix CEO Reed Hastings told shareholders that a weaker content slate and price increases in some regions contributed to the subscriber miss. : Netflix stock dropped more than 10% after the streaming service reported it had lost more than 100,000 U.S.
subscribers and fell wildly short of forecasts for international subscriber growth during its Q2 earnings report.U.S. paid subscribersNet additions to international paid subscribers$4.92 billion vs. Netflix's forecast of $4.93 billion. That’s a 26% growth from $3.907 million during the Q2 2018. to shareholders, the company said that weaker content and price increases may have contributed to the subscriber miss.
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