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Netflix Subscriber Growth Stunted by Chip-Based Credit Cards

Netflix Inc. reported third-quarter U.S. subscriber growth that missed analysts’ estimates as the introduction of new chip-based credit cards cut off some customers. Profit also fell short as the company sped up the recognition of some programming costs.

Shares of the online video service, the top-performing stock in the Standard & Poor’s 500 index this year, tumbled in extended trading. Netflix signed 880,000 new domestic subscribers in the period, according to a...


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