India, Oct. 16 -- Netflix Q3 subscriber and financial results were mostly in-line, but the OTT video giant warned of "modest headwind" to near-term growth as companies such as Disney, WarnerMedia and Apple prepare to launch new subscription streaming services.
Netflix added 6.77 million paid global streaming subs in Q3, up 21.4% year-over-year, extending that total to 158.33 million. Netflix, which said the total paid net adds in Q3 were a record for the period, was expecting about 7 million sub adds worldwide in Q3.
Just 500,000 net adds in Q3 originated from the US, down from the 800,000 forecasted. International net adds of 6.3 million were slightly above Netflix's expected 6.2 million. Netflix noted that sluggish US growth was due par...