Netflix bounced back in the third quarter, posting financial results ahead of Wall Street estimates, while falling slightly short of its internal subscriber forecasts. Wall Street analysts had expe…
bounced back in the third quarter, posting financial results ahead of Wall Street estimates, while falling slightly short of its internal subscriber forecasts.
The company’s global subscriber base increased by 6.8 million to 158.33 million, short of internal forecasts for 7 million new subscribers but slightly ahead of the consensus expectation of analysts. In the U.S., the shortfall was more significant, with a half-million new subscribers added compared with internal estimates of 800,000.“Since our U.S. price increase earlier this year, retention has not yet fully returned on a sustained basis to pre-price-change levels, which has led to slower U.S.
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