Magazine article Screen International

Netflix Trumpets 7m Global Membership Gain

Magazine article Screen International

Netflix Trumpets 7m Global Membership Gain

Article excerpt

Company to stop reporting free trial membership numbers by 2020.

Netflix bounced back in the third quarter to add 6.96m million global subscribers as revenue grew 36% to $4bn on earnings of 89 cents per share, ahead of what Wall Street expected.

Worldwide membership grew to 137m as the streaming service reported 5.87m new international and 1.1m US subscribers for 78.6m and 58.4m, respectively. The report contrasted with a subdued second quarter when the company dipped well below expectations.

Shares rose more than 13% during after-hours trading following the report. …

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