If you’ve ever wondered about whether the majority of consumers were in favor of Netflix’s decisions made this year, you don’t have to wonder anymore. Netflix announced its Q3 2011 earnings report today, and things aren’t looking too bright for the DVD rental/video on demand company. The recently announced report showed a net loss of 800,000 subscribers since last quarter, even though it was up 42% compared to Q3 2010. The explosive growth that the company has been experiencing over the past two years has finally come to a halt.
This goes to show what a huge impact a few bad decisions can do to a company. Stock prices have declined around 27% in hours after trading, falling well below $100 a share, showing the market’s unhappiness with the company. While the company is far from collapsing, it had better get back in shape before it’s too late. Was Netflix’s Q3 2011 report in line with what you expected?
Next Story: Verizon testing family shared data plans?
- 2014-04-14: Netflix Speeds On Comcast See Massive Improvement
- 2014-04-08: Amazon Says Instant Video Has Surpassed Hulu And Apple
- 2014-04-08: Netflix 4K Streaming House Of Cards Kicks Off
- 2014-04-02: Hulu Looks To Cash In On The Binge Watching Frenzy
- 2014-04-02: Netflix Launch In France Might Hinge On A Technicality
- 2011-11-10: World of Warcraft: almost a million subscribers lost last quarter
- 2011-10-31: HTC reports stellar results for Q3 2011
- 2011-10-28: Samsung overtakes Apple as world's largest smartphone vendor
- 2011-10-28: Redbox to increase DVD rental fees
- 2011-10-27: LG posts disappointing Q3 2011 results