Netflix soars 20% as new subscribers stream in

In its global markets, it expects subscriber additions of 3.75 million, compared with the average analyst estimate of 3.32 million.Third-quarter revenue rose 31.7 percent to $2.29 billion.Netflix's shares have surged in the past few years, driven by rapid growth as the company redefined television and fueled "binge watching".The stock, however, was down 12.7 percent this year as investors fretted about slowing growth in its domestic market and increasing competition.

In 2015, Netflix was one of the best performing stocks powered mostly by a robust subscriber growth, but that came to an end last quarter.

Q3 United States subscriber growth (net additions): 370,000 versus Wall Street forecasts 304,000 compared to Netflix guidance of 300,000.

Netflix has been expanding in worldwide markets to counter slowing growth in the US.

Netflix has made a decision to drop its plans to launch in China for now, the streaming service announced during its third-quarter earnings report Monday after markets closed.

The company also signed up 3.6 million new subscriber accounts, which The Verge reports is over a million more subscribers than the company had expected to add.

Bill Belichick expresses support for Boston cops
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Defense deals signed by India, Russia in Goa: Key highlights
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HRW accuses Saudi-led coalition of war crimes in Yemen
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According to a research note published on Tuesday, Nomura Securities has improved its price target on Netflix, Inc.

Q4 subscriber growth guidance (international): 3.75 million versus Wall Street forecasts of 3.1 million.

"Stranger Things" "is the kind of broad appeal, cross demographic, and cross border sensation that we hope will distinguish Netflix original content", the company said. That means more Netflix original shows, movies, documentaries, and stand-up comedy specials coming to your TV and computer! The stock is now trading up 18.55% at $118.31, as of 10:36 AM EDT. Analysts had forecast Netflix to earn 7 cents a share on $2.39 billion in sales, which includes revenue from the company's DVD-rental business.

"Other than 'Stranger Things, ' I'm not aware of a single highly viewed program they own", Pachter said. The weakness was driven primarily by lackluster growth in the U.S.

It said it expects to "operate around break even, and then start generating material global profits in 2017 and beyond". "The Internet allows us to reach audiences all over the world and, with a growing base of over 86 million members, there's a large appetite for entertainment and a diversity of tastes to satisfy", the company said in its letter to shareholders.


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