Netflix net subscriber growth was better than expected with 2.23M in US and 4.51M overseas, but company gave weak guidance; stock down about 10% after hours
stock tanks in response Jordan Novet / VentureBeat : Netflix is now spending 5% of its content budget on original movies Wall Street Journal : Netflix Drops on Weak-Growth Forecast Matthew Lynley / TechCrunch : Netflix posts a mixed Q1 but adds 6.74M new subscribers Jennifer Elias / Silicon Valley Business Journal : Netflix shares drop on forecast for slower membership growth Harrison Weber / VentureBeat : Is Netflix's big expansion plan working? ‘Record’ 6.74M new subscribers added last quarter Matthew Lynley / TechCrunch : Netflix shares take a dive on a rocky forecast Everett Rosenfeld / CNBC : Netflix beats on earnings, but shares fall more than 12% See also Mediagazer