The company lost 430,000 subscribers in Q2, only its third quarterly decline in 10 years.
Median pay for S&P 500 CEOs last year was $12.7 million, a record high since Equilar first began compiling the analysis 10 years ago.
Shares of Disney fell 3.7% in after-hours trading.
Company chart and information is provided by TradingView based on 15-minute-delayed data.
Netflix's primary business is a streaming video on demand service now available in almost every country worldwide except China. Netflix delivers original and third-party digital video content to PCs, Internet-connected TVs, and consumer electronic devices, including tablets, video game consoles, Apple TV, Roku, and Chromecast. In 2011, Netflix introduced DVD-only plans and separated the combined streaming and DVD plans, making it necessary for subscribers who want both to have separate plans.
| Website: | www.netflix.com |
| Email: | http://www.netflix.com/Help |
| Main Phone: | +1 408 540-3700 |
| Address: | 100 Winchester Circle |
| State: | CA |
| City / Town: | Los Gatos |
| Country: | US |
| Postal Code: | 95032 |
| Exchange: | NGS |
| CEO: | Reed Hastings / Ted Sarandos |
| Employees: | 9400 |
| NAICS: | Motion Picture Theaters (except Drive-Ins)(512131) |
The company lost 430,000 subscribers in Q2, only its third quarterly decline in 10 years.
Median pay for S&P 500 CEOs last year was $12.7 million, a record high since Equilar first began compiling the analysis 10 years ago.
Shares of Disney fell 3.7% in after-hours trading.
3.98 million people signed up for Netflix from January through March, well below the 6.25 million average projection of analysts.
Up until now, strong subscriber growth helped offset concerns about lost revenue due to password sharing.
CEO Bob Chapek said the company's streaming service is shattering all initial expectations.
The deal values DirecTV at $16.25 billion, a fraction of the $48.5 billion ($67 billion with debt) AT&T paid to acquire the satellite TV service in 2015.
Why is traditional cable TV losing subscribers? Comcast Xfinity, Charter Spectrum, Altice, Cox and others are struggling with a changing industry. More competition and new technology threaten them.
Netflix surpassed the 200 million subscriber mark during the fourth quarter of 2020, capping off its biggest-ever year of growth due to viewership gains prompted by the COVID-19 pandemic.
What a year for finance and everything else!
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