Netflix adds more subscribers than expected

Markets Reuters

  • The Netflix sign on screen is shown on an iPad in Encinitas, California, U.S. on April 19,2013. REUTERS/Mike Blake/File Photo

    The Netflix sign on screen is shown on an iPad in Encinitas, California, U.S. on April 19,2013. REUTERS/Mike Blake/File Photo (Copyright Reuters 2017)

  • The Netflix sign on screen is shown on an iPad in Encinitas, California, U.S. on April 19,2013. REUTERS/Mike Blake/File Photo

    The Netflix sign on screen is shown on an iPad in Encinitas, California, U.S. on April 19,2013. REUTERS/Mike Blake/File Photo (Copyright Reuters 2017)

Netflix Inc's international and U.S. subscriber additions sped past analysts' estimates as the video streaming service released shows including the award-winning British drama "The Crown" and a revival of "Gilmore Girls".

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Netflix, whose original shows include "Narcos" and "Stranger Things", said on Wednesday it signed up 5.12 million subscribers outside the United States in the quarter ended Dec. 31. (http://nflx.it/2jyes47)

Analysts on average had estimated 3.73 million additions, according to research firm FactSet StreetAccount.

Faced with slowing growth in the United States, Netflix has launched in almost every country, but is now faced with the task of tweaking the service to suit different markets and cultures, even as competitors expand.

In the United States, Netflix added 1.93 million subscribers, compared with the average estimate of 1.44 million.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Shounak Dasgupta)