Q3 2011: Netflix Lost About 800k U.S. Subscribers, Causing Its Stock To Decline ~35%
Netflix announced that it lost about 800k U.S. subscribers in Q3 2011, following a price increase on its most popular plan. The company's total subscriber base came in at 25.3 million, versus its projections of 26.3 million (3.9% lower than expected)The stock declined 35% following the news.
Paid Subscribers (Exp. Vs. Act.)
Netflix Stock Price