Netflix's 3rd-quarter earnings blow through Wall Street's expectations (NFLX)
Netflix's third-quarter earnings crushed Wall Street's expectations thanks to a surge in subscribers, but the streaming-media giant warned investors that the costs of developing original content will take a bite out of its profit at the end of the year.
Netflix added 6.96 million new subscribers in Q3, well above the 5.3 million new subscribers it reeled in at this time last year and the roughly 5 million expected by analysts.
The better-than-expected subscriber additions, combined with some on
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