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Netflix subscribers surged but its stock plummeted Here s why - WEIS | Local & Area News, Sports, & Weather

Netflix subscribers surged but its stock plummeted Here s why - WEIS | Local & Area News, Sports, & Weather
weisradio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from weisradio.com Daily Mail and Mail on Sunday newspapers.

ABC Business - WOND

Harun Ozalp/Anadolu Agency via Getty Images(NEW YORK) Netflix revealed blockbuster subscriber growth in a quarterly earnings report this week, but since then the company s shares have plummeted more than 20%. The reaction on Wall Street marks the latest indication of a profound shift in investor priorities away from subscriber growth and toward the bottom line, which holds implications for striking writers and actors as well as the shows and movies that end up on screen, experts told ABC News. "The tide has turned," Jessica Reif Ehrlich, an entertainment industry analyst with Bank of America, told ABC News. Netflix did not immediately respond to a request for comment. Here s what to know about what the earnings report said, why the stock price fell and what it means for Hollywood. What did Netflix earnings reveal about the company? Netflix shared a lot of good news in its earnings report on Wednesday, Reif Ehrlich said. A password-sharing crackdown helped the stream

Netflix subscribers surged but its stock plummeted Here s why

Netflix subscribers surged but its stock plummeted Here s why
go.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from go.com Daily Mail and Mail on Sunday newspapers.

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