Reed Hastings donates $1.1B worth of his Netflix shares, or ~40% of his stake, to the Silicon Valley Community Foundation, a popular charity among tech founders
Theo Francis / Wall Street Journal :
Sources: Netflix staff morale is sagging amid its cratering stock price, subscriber losses, and an engineering restructuring to create levels, such as “junior”
As Netflix shares plunge to their lowest point in five years, the company risks losing its most valuable resource: its star employees.
Netflix reports Q3 revenue of $7.48B, up 16% YoY, operating income of $1.76B, up 33% YoY, and 214M paid subs, adding 4.4M YoY and beating estimates of 3.84M
- Netflix is set to report earnings after the bell Tuesday. — Netflix shares were up more than 2% after-the-bell Tuesday after the company posted third quarter results. Source: Netflix .
Netflix shares detailed overseas subscriber numbers for the first time in a filing, and says 90% of total subscriber growth came from outside the US since 2017
U.S. and Canada highest at $13.08 for Q3 2019 (+32% compared with two years earlier), followed by EMEA at $10.40 (+12%), Asia-Pacific at $9.29 (+2%) and LatAm at $8.63 (+5%). https://variety.com/... @...
In some ways, Netflix's Q2 results were a disaster, highlighting the weakness of its US market, limits of international growth, and pain of losing huge shows
not a pay-TV killer Tristan Rayner / Android Authority : 13 things you need to know in tech today Todd Spangler / Variety : Netflix Shares Dive After Q2 Stumble: Just a Hiccup or Sign of Bigger Troubl...
Netflix reports Q2 revenue of $2.79B, vs. $2.76B expected, and total streaming subs grew 5.2M to 104M, vs. 3.2M expected; stock up 10%+
For Q2, revenue and operating income were right on forecast. Ben Popper / The Verge : Netflix posts strong earnings and takes aim at traditional movie theaters Michelle Castillo / CNBC : Why Netflix's...
Netflix net subscriber growth was better than expected with 2.23M in US and 4.51M overseas, but company gave weak guidance; stock down about 10% after hours
stock tanks in response Jordan Novet / VentureBeat : Netflix is now spending 5% of its content budget on original movies Wall Street Journal : Netflix Drops on Weak-Growth Forecast Matthew Lynley / Te...
Reed Hastings says recent switch to chip-enabled credit cards, and subscribers not updating payment records is partially to blame for slow US subscriber growth
Netflix is blaming slow US growth on the switch to chip-based credit cards — Netflix shares are down 7% in after-hours trading …
Netflix Shares Spike 10% After The Company Reports 3.3M New Subs, Better-Than-Expected Q2 Profit
Alex Wilhelm / TechCrunch :