Online Rental, Third Quarter Earnings | featured news

(Image from article: "Netflix lowers subscriber forecast, shares fall")

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Netflix shares down as DVD subscribers drop

Netflix Inc reported an increase in third-quarter revenue that beat analyst expectations but said DVD subscriptions would sharply decline in the fourth quarter, sending its shares down sharply.

Senh: What the article doesn't mention is how many Netflix DVD users have dropped their subscriptions since it the price hike in July. That way, you can see how steep the cancellation rate is. Everything should settle down by the next quarter, then we can see what the total damage is.

Netflix lowers subscriber forecast, shares fall

Netflix Inc. lowered its expectations for U.S. subscribers for the third quarter by 4 percent on Thursday, just weeks after separating its DVD and streaming services, which increased...

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