After the company’s quarterly report, its shares fell 36%, to $223.9, its lowest level since January 2018. In addition to announcing stronger measures regarding the use of shared accounts by its users.
Although they have tried to implement some regulations to avoid sharing accounts in countries such as Peru, Chile and Costa Rica, these have not worked and even the regulatory authorities have warned the company about its adverse effects.
Regarding his finances, what most worried investors is the projection that he will lose about 2 million for the second quarter. What happened with Netflix gave a preventive blow to Disney, Warner Bros Discovery (which wake up losing more than 4%) and Roku, which yields more than 7%, according to the e-Toro platform.
Now, the company’s strategy seems to be aimed at including ads within its content for a cheaper plan, something that could represent a greater audience reach.
Company executives declined to comment on whether they plan to make more layoffs anytime soon, but according to details obtained by The Hollywood Reporter They hope to “return to a normal course of business in the future.”
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