![]() The streamer said it was "very optimistic" about its new advertising business. It also teased the addition of its new lower-priced ad-supported plan, which launches in 12 countries in November. ![]() The company touted shows and movies such as "Stranger Things" season four, "The Gray Man" and "Purple Hearts" as hits that helped move the needle during the third quarter. Netflix forecast it would add 4.5 million subscribers during its fiscal first quarter and said it expects revenue of $7.8 billion, largely due to currency pressures overseas. Starting next quarter, Netflix will no longer provide guidance for its paid memberships but will continue to report those numbers during its quarterly earnings release. Read more: This is what Netflix wants shareholders to pay attention to now "We are building momentum, we are pleased with our progress, but we know we still have a lot more work to do." "We're still not growing as fast as we'd like," Spencer Neumann, Netflix's chief financial officer, said during the company's earnings call. The U.S.-Canada region had the smallest growth of Netflix's regions, contributing just 100,000 net subscribers. The majority of Netflix's net subscriber growth during the quarter came from the Asia-Pacific region, which accounted for 1.43 million subscribers. an addition of 1.09 million subscribers, according to StreetAccount estimates.
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