By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Lifestyle UgandaLifestyle Uganda
  • Home
  • News
    • International News & Politics
    • Education
    • Sports
    • Money & Finance
    • Mobile and Telecommunication
    News
    Lifestyle Uganda brings you the latest news and information on Africa, Wizkid, Azawi, and Eddy Kenzo right from the heart of the industry.
    Show More
    Top News
    Lycamobile Uganda data bundles and voice (1)
    Lycamobile Uganda: 4 Most Frequently Asked Questions & Answers
    5th November 2021
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    19th September 2020
    lifestyleug.com__Airtel Uganda revises its double data bundle offers (1)
    Airtel Uganda Is Now Offering Double Data Bundles for Its Smartphone Users
    Sponsored by Chipper CashChipper Cash
    Latest News
    $10,000 Donated by Exness to Help 2022 Nigerian Flood Victims
    20th January 2023
    Former Brazilian Minister of Sports Pele Died at the Age of 82
    30th December 2022
    37 Visa Exempt Countries to Uganda: A Complete List
    7th December 2022
    Who is Patrick Oboi Amuriat: Biography, Early Life, Family, Education, Career and Controversies
    28th November 2022
  • Business
  • Entertainment
    • Music
    • Celebrity
    • Biography
    • Lifestyle
      • Fitness
      • Pop Culture
      • Recipes
      • Travel/Culture
    Entertainment
    With Lifestyle Uganda Entertainment you will be able to get the latest news from Uganda, Nigeria, Kenya, South Africa entertainment, celebrity gossip, films, TV shows,…
    Show More
    Top News
    Lycamobile Uganda data bundles and voice (1)
    Lycamobile Uganda: 4 Most Frequently Asked Questions & Answers
    5th November 2021
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    19th September 2020
    Bobi Wine and Barbie Share First Joint Magazine Cover
    Bobi Wine and Barbie Share First Joint Cover on Parents Magazine in Kenya
    3rd November 2018
    Latest News
    Emma Hunton – An Advocate For Body Positivity After Her Weight Loss Journey
    30th May 2023
    Wayne Newton Net Worth: Discovering the Wealth of the Legendary Entertainer
    30th May 2023
    Amaarae Talks New Music, Upcoming Album, and Musical Roots with Zane Lowe on Apple Music 1
    4th May 2023
    Low-Profile TV Presenter Lynda Ddane Embroiled in Nude Video Scandal
    15th April 2023
  • Fashion
    • Beauty Trends
    • Accessories
    • Hair
    • Lipstick
    • Makeup
    • Skincare
    FashionShow More
    lifestyleuganda.com__Fenty Beauty appoints Nikita Kering as brand ambassador (1)
    Rihanna’s Fenty Beauty Appoints Nikita Kering As Brand Ambassador
    1st June 2022
    nowthendigital.com__Balenciaga to accept cryptocurrency payments (1)
    Fashion Label Balenciaga to Accept Cryptocurrency Payments in the U.S.
    28th May 2022
    Nicki Minaj at met gala 2022 (1)
    See Nicki Minaj, Hillary Clinton, Elon Musk, Alicia Keys and More at the 2022 Met Gala
    3rd May 2022
    lifestyleuganda.com-Judith Heard wins Miss Environment Africa International
    Judith Heard wins Miss Environment Africa International in India
    4th April 2022
    lifestyleuganda.com__judith heard india miss environment contest (1)
    Miss Environment International 2022: Judith Heard arrives in India
    22nd March 2022
  • Health & Living
  • Tips & Advice
Search
© 2023 Lifestyle Uganda. All Rights Reserved.
Reading: Why are Netflix shares down after record levels of subscription
Share
Sign In
Notification Show More
Latest News
tiffani ftiffani faison weight lossaison weight loss
How Tiffani Faison Achieved Impressive Weight Loss Results
Health & Living
emma hunton weight loss
Emma Hunton – An Advocate For Body Positivity After Her Weight Loss Journey
Entertainment
wayne newton net worth
Wayne Newton Net Worth: Discovering the Wealth of the Legendary Entertainer
Entertainment
Jardiance and Metformin
Managing Type 2 Diabetes: Exploring the Benefits of Jardiance and Metformin
Health & Living
The 2023 Tusker Lite Mt Rwenzori Marathon
Tusker Lite Mt Rwenzori Marathon: A Celebration of Athletics and Natural Wonders
Lifestyle Travel/Culture
Aa
Lifestyle UgandaLifestyle Uganda
Aa
  • Home
  • News
  • Business
  • Entertainment
  • Health & Living
Search
  • Home
  • News
    • International News & Politics
    • Education
    • Sports
    • Money & Finance
    • Mobile and Telecommunication
  • Business
  • Entertainment
    • Music
    • Celebrity
    • Biography
    • Lifestyle
  • Fashion
    • Beauty Trends
    • Accessories
    • Hair
    • Lipstick
    • Makeup
    • Skincare
  • Health & Living
  • Tips & Advice
Have an existing account? Sign In
Follow US
© 2023 Lifestyle Uganda. A Now & Entertainment Media Company. All Rights Reserved.
Lifestyle Uganda > Blog > Entertainment > Why are Netflix shares down after record levels of subscription
EntertainmentBusinessNews

Why are Netflix shares down after record levels of subscription

Lifestyle Uganda
Last updated: 2020/04/25 at 10:35 AM
Lifestyle Uganda
Share
4 Min Read
why Neflix shares went down
Why Neflix shares went down. Photo/Shutterstock
SHARE
why Neflix shares went down
Why Neflix shares went down. Photo/Shutterstock

Despite record levels of subscription Why are Netflix shares down?

With people all over the world lurking in their homes and filling their days with TV and other capable content, it may be a safe guess that Netflix’s stocks are rising but surprisingly they went down.

While Netflix has seen historic growth since the Coronavirus lockdowns began, investors are sceptical whether such growth will continue.

As a result, despite the number of new subscribers registered, Netflix shares went negative side and fell 2.9% to $ 421.32 as of Tuesday. How can this be?

Setting up records

This is not bad news for the streaming company. Netflix broke its record for new subscriptions in the quarter ended March, attracting 15.77 million new paid members.

- Advertisement -

Expectations were also high. The company and most observers predict that the entertainment juggernaut will benefit from the viral coronavirus crisis, as social life once lived is limited to our homes.

SEE ALSO  7 Reasons Why Singer Rema Namakula is so famous and so deserving

It is also a glorious time for its original content.

Earlier this week, The Hollywood Reporter revealed that Tiger King’s smash hit series had broken the Nielsen video-on-demand rating, and viewers took more minutes of the show than any other streaming program in history.

Still, stocks are not rising.

Temporary ascent

Even Netflix admits that the traction it received from the start of the Coronavirus era was not sustainable.

- Advertisement -

Our current isolates may feel endless, which is a temporary situation, and investors do not believe that Netflix can continue to add tens of thousands of subscribers in a single quarter once life is normal.

In a statement on Wednesday, the company warned it could experience a “pull-ahead” effect, in which subscribers who join the service later this year have already signed up this month, resulting in stagnation.

The success of Tiger King has long represented Netflix as a potential obstacle.

SEE ALSO  Emotional Tribute to Actor Chadwick Boseman, Who Died at the Age of 43

- Advertisement -

While the service has risen on the back of original content, film and television production in the United States has been discontinued and is unlikely to resume for several months.

This means new and original content will be limited for the foreseeable future.

Finally, international revenues have stagnated as a result of foreign currency impacts. As the global recession grows, it is unclear how reliable foreign subscriptions to the streaming service will be.

Gearing up

On Wednesday, Netflix announced that it plans to raise $ 1 billion in debt, “for general business purposes, including content acquisition, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions.”

Netflix had $14.17 billion in debt at the end of March.

Looking for signs of the wider impact of the Coronavirus crisis, investors are likely to see Netflix’s second-quarter performance with a tight test.

Netflix predicts 7.5 million new paid subscribers in the current quarter, compared with Wall Street’s forecast of 4.14 million. But no guidance warned at this point of a “guess job.”

SEE ALSO  Konvict Kulture Label Signs Ghanaian Music Producer Nektunez

“The actual number of the Q2 could end below or above it, “the company stated on Wednesday,” in accordance to many factors and how much space people take from television.”

You Might Also Like

Emma Hunton – An Advocate For Body Positivity After Her Weight Loss Journey

Wayne Newton Net Worth: Discovering the Wealth of the Legendary Entertainer

Amaarae Talks New Music, Upcoming Album, and Musical Roots with Zane Lowe on Apple Music 1

Low-Profile TV Presenter Lynda Ddane Embroiled in Nude Video Scandal

Nominations for the 2023 Oscars: Tems Nominated for Lift Me Up

TAGGED: Netflix broke record for subscriptions, Netflix growth since Coronavirus lockdowns, Netflix historic growth since Coronavirus, Netflix record for new subscriptions, Netflix shares down, Netflix shares went down, Netflix shares went negative side, Netflix's stocks are rising, Netflix's stocks went down, Why are Netflix shares down

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook Twitter Whatsapp Whatsapp Reddit Copy Link
Share
By Lifestyle Uganda
Follow:
Art & Lifestyle web-blog with an African-America spice. Lifestyle Uganda was founded, by a team of 3 social media gurus. Let's talk WhatsApp +256781873083.
Previous Article Microsoft is reopening China Employees at Microsoft China Return to Work: Lessons to be Learned
Next Article five innovations Bill Gates 5 Innovations Bill Gates Believes Will Return the World to Normalcy
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

45.2k Followers Like
5.1k Followers Follow
213 Followers Pin
35.6k Followers Follow
11k Subscribers Subscribe
400 Followers Follow
- Advertisement -

Latest News

tiffani ftiffani faison weight lossaison weight loss
How Tiffani Faison Achieved Impressive Weight Loss Results
Health & Living 30th May 2023
emma hunton weight loss
Emma Hunton – An Advocate For Body Positivity After Her Weight Loss Journey
Entertainment 30th May 2023
wayne newton net worth
Wayne Newton Net Worth: Discovering the Wealth of the Legendary Entertainer
Entertainment 30th May 2023
Jardiance and Metformin
Managing Type 2 Diabetes: Exploring the Benefits of Jardiance and Metformin
Health & Living 30th May 2023

Follow Us

//

At Lifestyle Uganda, we inform, entertain, and inspire action through the content we create — empowering you to live a celebrity life.

Quick Link

  • Home
  • News
  • Business
  • Entertainment
  • Health & Living

Top Categories

  • About Us
  • Send a Tip
  • Terms of Use
  • Privacy Policy
  • Contact

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Lifestyle UgandaLifestyle Uganda
Follow US

© 2023 Lifestyle Uganda. A Now & Entertainment Media Company. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?