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Netflix's Downbeat Earnings Explained

TheMotleyFool

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Netflix (NASDAQ: NFLX) share prices fell roughly 10% after the company reported first-quarter earnings last week. The global streaming content provider reported revenue in line with expectations and earnings per share above what analysts on Wall Street were predicting.

So why did shares of Netflix fall 10% after the results were made public?

One obvious reason for the drop was Netflix had guided investors that it would add 6 million new subscribers in the quarter. When it was all said and done, it only added 4 million. Subscribers are what fuel Netflix's business. Almost all of the company's $7.16 billion in revenue last quarter came from subscriptions.

Source Fool.com

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