Netflix lost 800,000 subscribers in Q3 2011If 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?

This article was filed in Homepage > Home and was tagged with financial report, Netflix and q3 2011.
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