Netflix adds more than 2.4 million subscribers, reveals details about password-sharing crackdown

– Netflix beat third-quarter expectations on the top and bottom lines Tuesday.

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– The company said it added 2.41 million net subscribers during the quarter, higher than the 1 million it had forecast.

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– Netflix will begin to crack down on password sharing next year.

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– EPS: $3.10 vs. $2.13 per share, according to Refinitiv.

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– Revenue: $7.93 billion vs. $7.837 billion, according to Refinitiv survey.

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– Expected global paid net subscribers: Addition of 2.41 million subscribers vs. an addition of 1.09 million subscribers, according to StreetAccount estimates.

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Netflix forecast it would add 4.5 million subscribers during its fiscal first quarter and said it expects revenue of $7.8 billion, largely due to currency pressures overseas.

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