Netflix Inc.’s U.S. and international subscriber growth slowed in the first quarter, coming in below expectations, though profit grew as content costs were lower than anticipated. The Los Gatos, Calif., company reported 98.75 million total subscribers, up from 81.5 million a year ago. Analysts polled by Thomson Reuters expected 98.9 million subscribers overall. Netflix said in a shareholder letter that it is on track to surpass 100...

Source: Wall Street Journal April 17, 2017 20:21 UTC