Netflix reported in its third quarter earnings that it added 6.8 million new subscribers — just a tick under the 7 million it was projecting. It now has 158.3 million subscribers globally. The company's stock went up as much as 10% in after hours trading.
New York Netflix fell short of its own expectations on Wednesday when it reported in its third quarter earnings that it added 6.8 million new subscribers. That is just a tick under the 7 million that the company was projecting.
Netflix now has 158.3 million subscribers globally. The company's stock went up as much as 10% in after hours trading.The service said it expects to add another 7.6 million subscribers in the next quarter.Profit in the third quarter of 2019 bounced back from $271 million in Q2 to $665 million. It's also up from $403 million in the third quarter last year. Revenue went up 31% to $5.2 billion.
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