Netflix Misses on Subscriber Growth During First Quarter

During the first quarter of 2017, Netflix added just under 5 million new subscribers, however, it fell short of hitting their goal of 100 million member milestone that investors of the widely popular streaming service were anticipating, which sent its stock down during after-hours trading on Monday.

The quarterly earnings were revealed on Monday at 40 cents per share on revenue of $2.64 billion, up nearly 35 percent from the same period last year. Wall Street was expecting earnings of 38 cents per share on $2.64 billion in revenue. Those at Netflix feel that the lower subscription additions to the quarter have to do with the fact that its debuted fewer hit shows, including moving House of Cards from its usual first quarter release of February to May. The only hit show that Netflix released during the first quarter outside of Iron Fist is 13 Reasons Why, which premiered on the last day of the period.


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David Gonzalez is the founder and chief film critic of Reel Talk Inc. and host of the Reel Chronicles and Chop Talk (80s horror) podcasts. As a Cuban American independent film critic, David writes fair and diverse criticism covering movies of all genres and spotlighting minority voices through Reel Talk. David has covered and reviewed films at Tribeca, TIFF, NYFF, Sundance, SXSW, and several other film festivals. He is a Rotten Tomatoes Tomatometer-Approved Critic and a member of the Latino Entertainment Journalists Association (LEJA), New York Film Critics Online, Hollywood Film Critics Association, and the North American Film Critic Association. As an avid film collector and awards watcher, David's finger is always on the industry's pulse. David informs and educates with knowledgeable and exciting content and has become a trusted resource for readers and listeners alike. Email him at david@reeltalkinc.com or follow him on Twitter and Instagram @reeltalkinc.