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Netflix's US growth slows, shares plunge

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Credit: Reuters/Mike Blake


The Netflix logo is shown in this illustration photograph in Encinitas, California October 14, 2014.


Netflix net added 3.02 million customers worldwide in the third quarter ended Sept. 30, below its forecast of 3.69 million.


The company's net income rose to $59.3 million, or 96 cents per share, in the quarter from $31.8 million, or 52 cents per share, a year earlier.


Revenue rose 38 percent to $1.41 billion.


(Reporting by Lisa Richwine in Los Angeles and Soham Chatterjee in Bangalore; Editing by Kirti Pandey)


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