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Netflix Q3 revenue increases, sub net adds slow

U.S.-Canada paid subscriptions hit 73 million LOS GATOS, Calif. — Netflix’s paid memberships in the U.S.-Canada (UCAN) market has reached more than 73 million, but overall the company’s global subscription net additions fell short of expectations in its third quarter of 2020, according to financial results released by the company on Tuesday. In the three months ended September 30, Netflix’s paid membership net adds were 2.2 million, compared to its 2.5 million guidance for the quarter, the company says in a letter to its shareholders. As well, its Q3 2020 paid net additions were substantially down from the 6.8 million...