Netflix reported earnings that were in line with Wall Street estimates, but shares plunged more than 25 percent as subscriber growth figures came in lower than expected.
The company handed in third-quarter earnings of 96 cents per share on revenue of $1.41 billion. Net additions were lower than expected at 3.02 million, bringing total members to 53.06 million. The company attributed the slowdown, in part, to higher subscription costs.
The stock dropped 26 percent in after-hours trading.