With Its Stock Down 66%, Here Are 3 Ways Netflix Can Improve Growth Moving Forward
Netflix (NASDAQ: NFLX) can't seem to catch a break lately. The stock price for the streaming leader has nosedived about 66% year to date and some of the price drop can be attributed to another underwhelming earnings report (this one released in April). From a top- and bottom-line standpoint, the company performed just fine. Total sales ended at $7.9 billion, in line with Wall Street estimates, and its $3.53 diluted earnings per share topped analyst estimates by more than 20%.
It was the streaming platform's updated subscriber count that rattled investors. Global paid memberships in Q1 grew a lackluster 6.7% year over year, falling short of analysts' expectations. The company also experienced an unusual quarter-over-quarter loss of 200,000 subscribers. And management warned investors that it expects an additional 2 million subscribers to leave the platform in Q2.
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Source Fool.com
