- Reuters, Tuesday, October 18, 2016 3:16 PM
In the third quarter, Netflix Inc added over 50% more subscribers than expected, the content company revealed this week. “The
company’s performance represented a turnaround from the previous quarter of disappointing subscription growth,” Reuters reports. “Netflix, which has spent heavily to expand outside
its home market, also said that it was on track to start harvesting ‘material global profits’ next year, even as it raised spending on original programming.”
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