Los Angeles — Netflix’s “Bird Box,” “You” and other new programmes helped attract millions more subscribers to the streaming service last quarter. But slower sales growth disappointed investors riding high on a 50% stock gain in recent weeks. While revenue grew 27% to $4.19bn in the fourth quarter, that came up short of the $4.21bn projected by Wall Street. The forecast for current-quarter sales also missed estimates. Netflix shares were down 3% in pre-market trading at 4.50am in New York. The results suggest that Netflix’s unprecedented spending spree on new movies and shows may not pay off as quickly as expected — despite the buzz for hugely popular hits such as the horror movie “Bird Box,” which was seen by 80-million subscribers. The online entertainment company said on Thursday that paid memberships increased by 8.84-million in the fourth quarter, beating its own forecast made in October. It predicted a record 8.9-million new customers worldwide in the current first quarter, bu...

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