Netflix misses estimates for paid subscriber additions

(Reuters) - Netflix Inc on Tuesday missed expectations for paid subscriber additions in the third quarter, hit by rising streaming competition and the return of live sports to television. The company said it added 2.2 million paid subscribers globally during the quarter ended Sept.

Reuters October 21, 2020 02:05:34 IST
Netflix misses estimates for paid subscriber additions

Netflix misses estimates for paid subscriber additions

(Reuters) - Netflix Inc on Tuesday missed expectations for paid subscriber additions in the third quarter, hit by rising streaming competition and the return of live sports to television.

The company said it added 2.2 million paid subscribers globally during the quarter ended Sept. 30, compared with analysts' estimates for 3.4 million, according to IBES data from Refinitiv.

(Reporting by Ayanti Bera in Bengaluru and Lisa Richwine in Los Angeles; Editing by Anil D'Silva)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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