Netflix Tanking After Domestic Streaming Subscriber Adds Miss Estimates

Business Insider

Netflix beat on EPS $0.13 (est. $0.04), revenues barely so at $905 million (est. $904.89 million).

But domestic subscription adds missed estimates, according to the company's earnings release.

They added 1.6 million such subscribers in Q3, meaning it is likely to miss it's year-end target of 7 million. 

They've added a total of just 1.7 million through three quarters. 

The stock is down more than -12 percent in after-hours trading.

Net subscriber adds were at the higher end of guidance, Bloomberg said.

Click here for updates as the number comes out >



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