Netflix adds 7M new subscribers in Q3

Netflix added nearly 7 million subscribers during the third quarter, beating its own and analysts' forecasts.

The number of new subscribers was up 31 percent from 5.3 million adds a year earlier.

CEO Reed Hastings said the company "under-forecasted memberships" by previuosly predicting 5 million additions in the quarter.

The company's total membership now exceeds 130 million.

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