( ) -q-24- UNDATED (Correspondent Jeremy House) “analysts had expected.” Netflix says its subscriber growth slowed dramatically during the summer. [CutID: <Cuts> NETFLIX-SUBSCRIBERS-house-q-FRIam.mp3 Time: 24s Title: NETFLIX-SUBSCRIBERS-house-q-FRIam Out-cue: analysts had expected] TAG: Correspondent Jeremy House reporting. Netflix also projected its revenue in the current quarter would rise faster than analysts expected. The strong financial performance […]
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Netflix’s subscriber growth slows, but profit and stock price surge
( ) -q-24- UNDATED (Correspondent Jeremy House) “analysts had expected.”
Netflix says its subscriber growth slowed dramatically during the summer.
[CutID: <Cuts> NETFLIX-SUBSCRIBERS-house-q-FRIam.mp3
Time: 24s
Title: NETFLIX-SUBSCRIBERS-house-q-FRIam
Out-cue: analysts had expected]
TAG: Correspondent Jeremy House reporting. Netflix also projected its revenue in the current quarter would rise faster than analysts expected. The strong financial performance eclipsed any worries about slowing subscriber growth as Netflix’s shares rose nearly 4% in extended trading.
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VERBATIM: It’s a sign that the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off. The 5.1 million subscribers that Netflix added during the July-to-September period represented a 42% decline from the total gained during the same time last year. Even so, the company’s revenue and profit rose at a faster pace than industry analysts had projected.