Netflix Adds 6.8 Million Subscribers as It Awaits 'New Wave of Competition'

Streaming giant will spend $15 billion on original content this year

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In the last quarter before Netflix will have to stare down major competition from new streaming services like Disney+, the company reported a growing subscriber base in the U.S. and abroad but nonetheless told shareholders that upcoming rival services and other factors may eat into the company’s future net subscriber growth.

In the third quarter, Netflix added 6.8 million subscribers, for a total of 158.3 million globally. That’s a 21% increase from the same time last year but a slight miss from Netflix’s forecasted 7 million net additional subscribers in the quarter.




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