Things didn't look good for Netflix after it announced it was increasing its subscription price.
Netflix added 400,000 U.S. subscribers in the last quarter, and 3.2 million in the rest of the world. Months ago, it told investors it was aiming for 300,000 and 2 million, respectively.
Netflix said it will use the money from the price hike to help pay off a $6 billion bill for content in 2017 and to make more original series (and, presumably, the second season of "Stranger Things").
Netflix still won't be expanding to China, saying "the regulatory environment... has become challenging."
WATCH | In case you needed more reason to be excited about Netflix's original shows, here's the teaser for the second season of "Stranger Things."
If you're into Netflix binges, you'll be in for a treat next year.
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