Ernesto S. Ruscio/Getty Images for Netflix
Reed Hastings
The streamer's stock on Tuesday was down as much as 6 percent on news that it expects to add just 5 million members during the second quarter.
Netflix added more than 9.6 million subscribers during the first three months of the year but warned that the next quarter could see slower growth.
The company, which was expected to add just under 9 million members during the period, now has 148.9 million total paying members. It ended 2018 with 139 million paying members.
During the first quarter, Netflix brought in revenue of $4.5 billion, up 22 percent year over year, and had earnings of 76 cents per share. Netflix was expected to bring in revenue of $4.5 billion and earnings of 57 cents per share, per FactSet.........
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