Netflix misses subscriber estimates, explains why it won’t ink live sports partnerships like Amazon’s NFL deal
Netflix missed slightly on subscriber estimates for its first quarter earnings report as the streaming giant saw shares initially dip but then rise more than 1 percent in after-hours trading on Monday. Netflix added another 3.53 million subscribers internationally last quarter, along with 1.42 million in the U.S. Analysts expected 3.71 million net additions internationally and an additional 1.56 million customers in the U.S. Netflix now has 98.75 million subscribers, up from 81.5 million last year. The company also posted $2.64 billion in revenue — which met estimates and is up 34 percent from last year — and diluted earnings per share of $0.40, which beat estimates and… Read More