U.S. Netflix Subs Pass 43 Million

Stock Slide on Slower Than Expected U.S. Sub Growth
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Netflix met analyst expectations for its earnings per share (EPS) targets but reported lower revenue and slower subscriber growth in the U.S. than expected for the third quarter of 2015.

Total global memberships hit 69.17 million, with U.S. memberships growing by 0.88 million, to 43.18 million, and international memberships hitting 25.99 million, up 2.74 million.

In Q3 2015, Netflix reported revenue of $1.581 billion, with EPS of $0.07.

The stock was trading down 12% at 4:12 p.m. ET in afterhours trading at $98.23.

The slide comes after a very good year for investors, who have seen Netflix stock more than double in 2015, from about $49.85 to $109.73 on Oct. 13.

Read more at B&C.

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