Netflix loses 130,000 US customers, shares fall 12% as global growth slows

Netflix reported that it added 2.83 million paid streaming subscribers outside the United States, below analyst expectations of 4.8 million

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International news: Netflix Inc said on Wednesday it lost US streaming customers for the first time in eight years and missed targets for new subscribers overseas, an announcement that jarred investors ahead of looming competition.

Netflix shares sank nearly 12 per cent in after-hours trading after the company posted quarterly results that showed it shed 130,000 US customers from April to June.

The world's dominant subscription video service said its slate of new shows during the quarter was not as appealing as expected and price increases in...read more

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