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Media & Entertainment

Netflix returns to subscriber growth, led by Asia-Pacific gains

U.S. streaming giant to launch ad-supported $6.99 subscription in November

Netflix projected it will add 4.5 million more subscribers in the fourth quarter.   © Reuters

PALO ALTO, U.S. -- Netflix added 2.4 million paid subscribers in the July-September period after losing users for two consecutive quarters in the first half of 2022.

The Asia-Pacific region led the growth with an increase of more than 1.4 million paid users in the three months, but revenue dipped 13% year-over-year due to the strong dollar.

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