Netflix posted a 15 per cent rise in revenues in the third quarter to $9.8bn, slightly ahead of expectations, while subscriber numbers rose despite the numbers of global smash hits being squeezed by last year’s Hollywood strikes.
The US streaming service added 5.1mn subscribers in the three months, beating estimates and belying fears that it had not produced many “must-see” new programmes to lure fresh customers. The shares rose 5 per cent in after-hours trading.
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