NETFLIX’S 3Q SUBSCRIBER GROWTH GETS RAVE REVIEWS ON WALL ST.

Netflix regained its stride with surprisingly strong subscriber growth in the third quarter, after an unexpected springtime stumble triggered fears that it was losing its allure.

The video-streaming service added 7 million subscribers worldwide from July through September, far above the company’s target of 5 million and exceeding analyst projections.

Netflix fell well shy of its subscriber goals for the April-to-June period, raising fears that fiercer competition from Amazon, Hulu, HBO and other streaming services was siphoning away viewers.