The company’s net profit in the third quarter rose by less than 19 percent year on year to $ 790 million (CZK 18.15 billion). Third-quarter revenue exceeded expectations, up 22.7 percent to $ 6.44 billion.
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The company said it gained 2.2 million subscribers globally during the quarter to September 30, while analysts surveyed by Refinitiv expected growth of 3.4 million.
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Netflix has warned investors that the trend of sudden growth in the number of new subscribers will weaken in the second half of the year due to the easing of coronavirus restrictions.
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Shares of Netflix reacted to the publication of quarterly financial results after a close of trading by a decline of six percent.
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