Here's the Scary Reason Netflix's Q2 Subscriber Growth in the U.S. Was So Poor
It's official. Investors and analysts widely expected tepid subscriber growth numbers from Netflix (NASDAQ: NFLX) during its recently ended second quarter, and they got exactly that. While the company technically topped its own guidance of 1.0 million, the actual net addition of 1.54 million paying customers is still unusually low. Worse, Netflix actually lost North American subscribers, shedding 430,000 customers in the U.S. and Canada.
It's no small matter. Assuming the rest of the world is traversing the same path as Netflix's original domestic market -- and there's no reason to think it isn't -- the company's other markets should soon start to run into the same headwind for the exact same reason.
That's the scary part.
Source Fool.com
