“But really, we’re set up very well for the next year.”
Investors welcomed the news all the same, after Netflix’s share price has taken a beating this year.
In premarket trading Wednesday, Netflix shares were up 4% to $209.72.
Right now it’s testing two schemes.
In its first, Netflix charges a fee to add additional memberships as official “sub” accounts.
The company also plans to launch cheaper subscriptions that are supported by advertising.
As new competitors launched, they set up memberships that give viewers like you more options.
Subscriptions also fell in the Europe, Middle East and Africa, declining by 770,000 to 72.97 million.
Revenue rose 8.6% to $7.97 billion.
Analysts on average expected per-share profit of $2.75 and $8.04 billion in revenue.
