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Netflix predicts return to customer growth, shares jump

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Reuters UK

By Lisa Richwine LOS ANGELES (Reuters) – Netflix Inc said on Tuesday it lost 970,000 subscribers from April through June, averting the worst-case scenario projected by the company, and predicted it would return to customer growth during the third quarter. Netflix shares, which have fallen roughly 67% this year on concerns about future growth, rose 7% in after hours trade following the results. The world’s largest streaming service also said it plans to launch an ad-supported option next year, and it warned that the strong dollar was also hitting revenue booked from subscribers abroad. Netflix …

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