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Netflix Inc. (Nasdaq: NFLX) stock plummeted more than 25% in afterhours trading today (Wednesday) after the company’s Q3 earnings report showed lackluster subscriber growth.
NFLX added just 980,000 U.S. subscribers during the quarter, well below analysts’ prediction of 1.37 million. Globally, the company added 3.02 million subscribers. Netflix had previously predicted 3.69 million new global subscribers.