Netflix saw disappointing domestic subscriber growth for the third quarter, signaling rougher waters ahead as the streaming giant braces itself for competition from the Walt Disney Company and Apple. This is the second straight quarter in which Netflix has missed its subscriber growth projections.
The streaming giant said Wednesday that it signed up 517,000 new subscribers for the quarter ending in September, significantly off from the more than 800,000 that analysts had been expecting...
Netflix has also alienated many conservative and right-of-center consumers with its close ties to former President Barack Obama, who signed a production deal with the streamer last year. Susan Rice, Obama’s national security advisor, recently joined Netflix’s board of directors.
A survey last year by the research firm YouGov found that Netflix’s positive impression rating with Republicans plummeted 16 percent since the beginning of 2018. Meanwhile, the company’s positive impression rating among Democrats rose by 15 percent in the same period.