The streamer now has 158 million subscribers worldwide.
helped propel Netflix to a strong summer, but there could be headwinds for the company going forward.
"As we’ve improved the variety, diversity and quality of our content slate, member engagement has grown, revenue has increased, and we’re able to further fund our content investment," reads Netflix's quarterly letter to shareholders. Though the third quarter was significantly better for Netflix than its previous quarter, the company signaled that there could be challenging times ahead. The U.S., in particular, is becoming a challenging market for Netflix and the company added fewer subscribers there during the quarter than previously forecast. "Since our U.S.
The third quarter growth was an important signal of strength for Netflix as it prepares to face a deluge of competition as new video streaming services from Disney , AT&T , Comcast and Apple hit the market over the next six months. As the streaming wars heat up, many entertainment companies have announced plans to pull their hit shows and movies from Netflix.
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