Netflix is still growing at a strong rate. The streaming service added 7 million subscribers between July and October. That's more than the 5 million the company had predicted.
The firm now has over 137 million customers around the world. By the end of the calendar year, it expects to reach 146 million subscribers.
The growth is especially impressive given that the service had an unusually weak second quarter (April to July). This sparked fears among investors that Netflix's hot streak was over and that its growth would stall.
It seems those fears were misplaced.
According to analysts, Netflix added almost 700 hours of original programming in the US in the three-month period. That's 135 per cent more than the same period last year.
Netflix said it would continue to invest heavily in original content.
"We recognise we are making huge cash investments in content, and we want to assure our investors that we have the same high confidence in the underlying economics as our cash investments in the past," it said in a letter to investors.