Netflix growth in Canada "steady to slightly accelerating"

SAN FRANCISCO - Netflix met earnings expectations in the third quarter, but fell well short of its subscriber target, adding just 1.16 million U.S. streaming subscribers and 700,000 internationally. Detailed subscriber numbers for Canada were not released, but Netflix stated that growth was “steady to slightly accelerating.” It added that “both retention and engagement are high among our Canadian members.” It reported that Q3 profitability increased in Canada as “revenue grew more quickly than content expense, and we intend to steadily expand our contribution margin over time, even as we continue to add more content.” In its third quarter Netflix...