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PREVIEW: Netflix falls ahead of Q3 results, investors to focus on growth strategy



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** Netflix's NFLX.O shares fall 2.2% to $686.81 ahead of Q3 results expected after the bell

** Wall Street expects NFLX to add nearly 4 mln subs in Q3, according to estimates compiled by LSEG, which could be its slowest subscriber additions in six quarters, as gains from a password-sharing crackdown ease

** Analysts expect NFLX to post Q3 revenue of $9.77 bln vs $8.54 bln reported a year earlier - LSEG data

** NFLX ad-tier, which is currently only available in 13 markets including the United States, is an avenue to increasing revenue and profit over the long term while providing consumers with pricing flexibility - Parrot Analytics

** 33 of 48 brokerages rate the stock "buy" or higher, 13 "hold" and 2 "sell"; median PT $727.50, which represents upside of ~4% to stock's last close

** As of last close, NFLX up ~44%, vs ~22% gain in S&P 500 index .SPX this year



Reporting by Jaspreet Singh in Bengaluru

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