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Netflix stocks surge with return to growth, saying the worst of slowdown is over
It won’t be all rosy going forward. Netflix is still on pace for the slowest growth in years. The company lost 1.2 million customers during the first half of the year - a decline that led investors and peers to reconsider their streaming investments.
By Lucas Shaw
(Bloomberg) — Netflix Inc. is growing again, and Hollywood can breathe a sigh of relief. The streaming leader added 2.41 million customers in the third quarter, exceeding internal forecasts as well as expectations on Wall Street. Netflix grew in all regions of the world and said in a shareholder letter on Tuesday that it expects to sign up another 4.5 million globally this period.
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