The stock prices of streaming video companies fell in extended trading on Tuesday
after Netflix released earnings that showed the sector leader lost subscribers
after Netflix released earnings that showed the sector leader lost subscribers
for the first time in more than a decade.
Shares of Disney dropped as much as 5%, while Roku fell 6% after-hours
after rising nearly 8% during regular trading.
Netflix fell more than 25% in extended trading on Tuesday
after reporting a loss of 200,000 subscribers
in its recent quarter and projecting a loss of 2 million subscribers in the second quarter.
in its recent quarter and projecting a loss of 2 million subscribers in the second quarter.