LOS GATOS, Calif., July 19 (UPI) -- Netflix reported on Monday its worst subscriber growth in three years after price increases turned away new and regular customers. Shares dropped sharply on the news.
The streaming video company added 160,000 customers in the United States and another 1.52 million abroad, but those numbers were still well below expectations. Netflix had hoped to add 500,000 domestically and 2 million internationally.