Cable / Telecom News

Q3 subscriber gains buoy profits, revenues, at Netflix


LOS GATOS, CA – Netflix credited “excitement” around its original content for a third quarter surge in subscribers, as the streaming service saw its quarterly global streaming revenue jump 36% to exceeded $2 billion for the first time.In a note to shareholders that included the company’s financial results, Netflix said that it added 3.57 million subscribers in the period, including 370,000 in the U.S. and 3.2 million internationally, ahead of its internal forecasts.  Netflix now has 86.7 million subscribers worldwideCiting the success of original shows such as Stranger Things and Narcos, Netflix pledged to expand its content budget to approximately...