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Netflix's Weak Subscriber Additions At Odds With Lofty Valuation


Ron Burgundy
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The Netflix logo is shown in this illustration photograph in Encinitas, California(Reuters) - Investors are likely to question Netflix Inc's premium valuation after the video-streaming service said on Wednesday that third-quarter subscriber additions in the United States came in below its own expectations. Netflix shares fell 3 percent to $107.30 in premarket trading on Thursday. The video-streaming service provider had forecast an addition of 1.15 million subscribers in the its home market in the quarter, but ended up with just 880,000. But analysts' remained largely upbeat about the long-term prospects of the company. ...




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