No mercy is shown to Netflix (NFLX -21.5%) after the company's Q2 DVD sub losses exceed its domestic streaming gains, and its guidance for a 1M-1.8M Q3 increase in domestic streaming subs makes full-year guidance for 7M adds look dubious. Netflix's guidance for another 600K-900K DVD subscriber losses was also uninspiring. Nonetheless, the company says it's driven to expand into continental Europe, even if it wipes out near-term profits. (transcript)
No mercy is shown to Netflix (NFLX -21.5%) after the company's Q2 DVD sub losses exceed its...
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