Netflix forecast misses Wall Street view, shares dip
Updated : January 18, 2019 06:47 AM IST
The company released its massively popular dystopian movie "Bird Box" late in the fourth quarter, which helped attract a record 8.8 million new paid streaming customers in the period.
Netflix reported revenue of $4.19 billion for the quarter that ended in December, slightly below the $4.21 billion that Wall Street analysts had forecast, according to IBES data from Refinitiv.
Netflix said its programming was so popular it now accounts for about 10 percent of television screen time in the United States. Total paid streaming subscribers reached 139 million worldwide.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more