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Netflix crushes estimates, renewing faith after July letdown

Bloomberg
Bloomberg • 4 min read
Netflix crushes estimates, renewing faith after July letdown
LOS ANGELES (Oct 17): Netflix Inc.’s Cinderella story isn’t over just yet.
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LOS ANGELES (Oct 17): Netflix Inc.’s Cinderella story isn’t over just yet.

The world’s largest paid online TV network added far more subscribers than analysts forecast in the third quarter and issued an upbeat outlook for the current three months, rebounding from a slowdown earlier this year. Netflix signed up 6.96 million customers in the quarter, according to a statement Tuesday, boosting its global total to 137.1 million.

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