India, Oct. 20 -- Netflix missed Q3 2020 subscriber guidance as signups slowed following a massive surge in the first half of the year when new customers flooded in during the early stages of the pandemic. However, the streaming giant expects a better Q4 and exit to 2020 with more than 200 million subscribers worldwide.

Netflix added 2.2 million subs worldwide in Q3 2020, well off the 6.8 million it added in the prior-year period, and short of the 2.5 million net adds forecasted. Netflix shares were down $28.47 (-5.42%) to $496.95 each in after-hours trading Tuesday.

Netflix subscriber activity in the Asia Pacific region was a bright spot and the company's largest contributor, with 1.01 million additions. That compared to 180,000 adds i...