Netflix slows and shares sink

The growth of Netflix users slows and makes sink the share price, which in the after-market comes to losing 15.09%. Netflix ended the second quarter with 1.68 million users in more, of which 1.52 million outside the US and 160.00 on the domestic market. The figures are below expectations, but the company insists the break-even target for 2016 and a profit in 2017.

The competition "is not slowing growth", Netflix says, pledging to reduce losses at the international level. In the second quarter, the video streaming giant has chalked up revenues of 2.11 billion dollars against 1.65 billion in the same period last year and exactly in line with expectations. Turning to profits, Netflix has recorded 9 cents per share, up from 6 cents in the same period of 2015, beating the consensus set at two cents per share. Since the beginning of the group's shares have lost 14% of their value: on one hand there are doubts about the group's holding, at a time when competition is continuing to grow. And then there's the slow pace with which manages to capture new users.