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.

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

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

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

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

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

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.