Netflix shares sink as international streaming business reports weak figures

Digital video company, which revealed expansion into more than 130 countries earlier this year, also faces monthly subscription challenge from Amazon

Netflix shares took a nosedive in after-hours trading on Monday afternoon when the company reported negative profits in its international streaming business after announcing a vast expansion into more than 130 countries earlier this year.

The digital video firm expects to remain in the red into the second quarter, with a subsequent loss of $80m.