Netflix adds millions of subscribers but growth slows [Video]

Netflix on Thursday said it added more than five million subscribers in the recently ended quarter but signaled slowing growth.

The streaming juggernaut said it ended September with 282.7 million subscribers, reporting a profit of $2.4 billion on revenue that jumped 15 percent to $9.8 billion compared with the same period a year earlier.

Netflix said it continued to build up its US advertising business, which is on track to launch in Canada by the end of this year and in other countries in 2025.

“We’ve delivered on our plan to reaccelerate our business, and we’re excited to finish the year strong with a great slate (of shows),” the streaming television powerhouse said in a letter to investors.

Shows set for release at Netflix this quarter include a second season of global hit “Squid Game.”

The dystopian Korean horror tale about a fictional, deadly game show remains by far the …