Netflix beat forecasts for subscriber growth — its own as well as Wall Street’s — in the third quarter, reaching 214 million worldwide.The company matched revenue estimates in the period ending September 30, reporting $7.48 billion, but demolished earnings per share estimates.
After forecasting $2.55, it posted $3.13.Netflix had predicted it would add just 3.5 million subscribers, a decidedly more modest growth level than previous third quarters.
It has had some misses in forecasting in recent quarters, but executives have chalked that up to the inevitable peaks and valleys of subscriber trends as time unfolds.
The company has also pointed to an upswing in engagement numbers in an attempt to allay any concerns about a potential plateau in
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