Oct 17 Netflix Inc added many more
subscribers in the third quarter than analysts expected as new
original shows such as "Stranger Things" kept users hooked to
The video streaming service, whose popular original shows
include "Orange is the New Black" and "House of Cards", signed
up 370,000 subscribers in the United States in the quarter ended
Analysts on average had estimated 309,000 additions,
according to research firm FactSet StreetAccount.
The company added 3.20 million subscribers in its
international markets, compared with the average analyst
estimate of 2.01 million. (bit.ly/2e2gsRD)
Revenue rose 31.7 percent to $2.29 billion.
The company said it plans to license content to existing
online service providers in China rather than operate its own
service in China in the near term.
Netflix has been expanding in international markets to
counter slowing growth in the United States. The service has a
strong presence in more than 130 markets worldwide, except
(Reporting by Rishika Sadam in Bengaluru; Editing by Don