Netflix subscriber adds beat St. as original shows pull in new viewers
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October 16, 2017Netflix subscriber adds beat estimates as original shows lure viewers
October 16, 2017This post was originally published on this site
(Reuters) – Video-streaming pioneer Netflix Inc added more subscribers than expected in the third quarter as original shows such as the latest season of “Narcos” helped attract more viewers.
The company added 4.45 million subscribers in its international markets in the quarter ended Sept. 30, compared with the 3.69 million analysts had expected, according to data and analytics firm FactSet.
Netflix added 850,000 subscribers in the United States, compared with the average analyst estimate of 810,000, according to data and analytics firm FactSet.
Netflix had forecast total subscriber additions of 4.4 million for the quarter.
Reporting by Aishwarya Venugopal in Bengaluru