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Netflix adds more than 2.4 million subscribers, reveals details about password-sharing crackdown · Netflix beat third-quarter expectations on the top and bottom ...

While it doesn't expect the new tier will add a material contribution to its fourth-quarter results, it foresees membership growing gradually over time. The streamer also reported the addition of 2.41 million net global subscribers, more than doubling the adds the company had projected a quarter ago. The streamer said it was "very optimistic" about its new advertising business. "We're still not growing as fast as we'd like," Spencer Neumann, Netflix's chief financial officer, said during the company's earnings call. The U.S.-Canada region had the smallest growth of Netflix's regions, contributing just 100,000 net subscribers. Additionally, Netflix will begin to crack down on password sharing next year, opting to allow people who have been borrowing accounts to create their own.

After two successive quarters of negative subscriber growth, paid memberships rebounded in Q3 by 2.41m subscribers, well above expectations of just ov.

EUR/USD remains on the back foot amid cautious optimism and the resurgent US dollar. Gold comes under some renewed selling pressure on Wednesday and drops to a three-week low during the early European session. From the tone of the shareholder letter, it’s clear that Netflix doesn’t expect a material contribution from the new ad tier in Q4. USD/JPY is extending its strong bullish run to the highest level since August 1990 near 149.50. Five out of eight major currencies face inflation reports this week. The UK CPI data puts the BOE in a tough spot following the government's fiscal and political fiasco. Speculations persist that Japanese authorities will intervene again, as the pair closes in on the 150.00 trigger point. Here is the state of inflation and currencies in a busy week. This means that despite an expectation of an increase in the subscriber base of 4.5m, Netflix expects to see lower revenues? You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. Total subscribers are now at a new record high of 223.09m with Netflix saying that they expect this to rise 4.5m to 227.59m in Q4. A mixed market mood and the US dollar rebound are weighing on the pair.

"After a challenging first half, we believe we're on a path to reaccelerate growth," the company told investors.

Netflix's $5 to $6 billion annual operating profit." the 1 million subscribers it originally forecasted last quarter. [ad-supported tier](https://www.axios.com/2022/10/13/netflix-ad-supported-tier-us), which launches in the U.S. [via CNBC](https://www.cnbc.com/2022/10/18/netflix-nflx-earnings-q3-2022.html): [down nearly 60%](https://www.axios.com/2022/07/20/netflix-streaming-subscribers-losses-profits) year-to-date heading into its earnings report, following back-to-back quarters of subscriber losses. [Netflix](https://www.axios.com/2022/07/20/netflix-streaming-subscribers-losses-profits)'s stock was up more than 10% in after-hours trading Tuesday after the company said it added 2.41 million subscribers vs.

Netflix shares are set for their strongest opening bell gain in six year Wednesday after the streaming media service blasted Wall Street's third quarter ...

"Around the world, smart TV is continuing to get to every home in the world that has a TV," he added. It's a little bit less visibility than we typically would see," he added. "And there's some other near-term limiters to our growth," Neumann added, including the headwinds of a stronger U.S. "Well, thank God, we're done with shrinking quarters," CEO Reed Hastings told investors on a conference call late Tuesday. The group noted, however, that starting next quarter, it will no longer guide investors on paid subscriber additions, focusing instead on revenues, margins and earnings. That takes is overall global total to around 223.1 million, coming in just ahead of Disney's 221.1 million.