Netflix added nearly 8.8 million subscribers during the fourth quarter of 2019
, a period when the company faced increased competition as new streaming entries from Disney and Apple entered the market.
The streaming giant now has 167 million global members, up 20 percent from the same period last year. Analysts, as polled by FactSet, were expecting subscriber additions of 7.9 million — 623,000 in the U.S. and 7.2 million abroad. Netflix had forecast 7.6 million subscriber additions during the period driven by overseas growth.
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