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Netflix Misses Wall Street Expectations With 2.2M Subscriber Additions
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hollywoodreporter.comSummer was slow for streaming giant Netflix, which added 2.2 million subscribers during the third quarter of the year as its earlier coronavirus-fueled growth tapered off.
The company had been predicting that it would see a pullback in new subscribers after a strong first half of the year as people became accustomed to life amid a global pandemic.
As a result,it forecastthat it would add a relatively modest 2.5 million subscribers during the three-month period from July to September.
Still, Wall Streetanalysts were expecting the streamer to add around 3.6 million subscribers during the period, per Goldman Sachs.
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