Shares of Netflix Inc fell sharply after the company reported subscriber additions at the lower end of its forecast for the U.S. TV and movie streaming business.
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Netflix said it added 1.2 million new customers to its on-demand streaming service in the United States during the July to September period, for a total of 25.1 million.
Shares of the company fell 15 percent to $58.04 in after-hours trading, down from an earlier $68.22 close on Nasdaq.
"Subscriber numbers were lower than expected, and the guidance for full year (customers) was lower than expected too," said Arvind Bhatia, an analyst at Sterne, Agee & Leach. "The streaming numbers don't look that great."
The company posted third-quarter earnings of 13 cents per share. Revenue reached $905 million, Netflix said.