Netflix Could Report Loss of 780,000 Subscribers in Third Quarter

October 24 – The Hollywood Reporter
By Michael O'Connell

Analysts suggest the beleaguered company will report greater subscriber losses than it initially forecasted.

In anticipation of the company's quarterly earnings call on Monday, Netflix projected a loss of nearly 600,000 subscribers in the third quarter, but analysts suggest the figure is considerably higher.

Bloomberg cites a survey of 10 analysts, which places the U.S. membership down at 23.8 million at the end of September, a loss of 780,000 subscribers.

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