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Is Netflix Subscriber Jolt a One-Wonder?

Is Netflix Subscriber Jolt a One-Wonder?

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The stars aligned for Netflix in its final quarter, but following up on that success will be a challenge.

The streaming giant said Wednesday that it added about 8.8 million net new paying subscribers during the third quarter. This is the highest number added in a single quarter since early 2020, when interest in TV streaming exploded during pandemic lockdowns. It was also 45% higher than Wall Street had expected in terms of subscriber additions. The company said it expects a similar rise in the fourth quarter, which would exceed the 7.7 million expected by analysts.

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Eleon

With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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