Today's Hard|Forum Post
Today's Hard|Forum Post

Monday October 24, 2011

Netflix Loses 800,000 US Subscribers in Tough 3Q

And the hits just keep rolling in for Netflix.

The losses were larger than management had previously warned. The unwelcome surprise, contained in financial results released Monday, was compounded by a forecast calling for millions of Netflix Inc.'s DVD-by-mail subscribers to cancel the service in reaction to dramatic price increase that took effect last month.