☰

Cultura

Netflix reports quarterly net subscriber additions below forecast


    (Reuters) - Netflix Inc reported quarterly net subscriber additions below its forecast, sending the video streaming company's shares down 24 percent in extended trading.

    Netflix net added 3.02 million customers worldwide in the third quarter ended Sept. 30, below its forecast of 3.69 million.

    The company's net income rose to $59.3 million, or 96 cents per share, in the quarter from $31.8 million, or 52 cents per share, a year earlier.

    Revenue rose 38 percent to $1.41 billion.

    (Reporting by Lisa Richwine in Los Angeles and Soham Chatterjee in Bangalore; Editing by Kirti Pandey)