When it comes to content, Netflix is on a roll. House of Cards was nominated for several Emmys, and it renewed Orange Is the New Black, before the pilot episode even aired (the decision was made based on critics’ reviews). And the business is growing. The streaming-video mega-house reported increased income and revenue for the quarter that ended June 31. But the company’s stock fell after earnings were released—off as much as 7 percent in after-hours trading. Why? The revenue total was a touch short of estimates. And while Netflix now boasts 36.3 million customers, one analyst said overall subscriber growth was “utterly disappointing,” mostly because of the drop in DVD customers.
Read it at USA Today
