Netflix (NFLX) Just Surpassed This For The Very First Time

Netflix reported third quarter earnings, and with streaming revenue up 36%, the company’s streaming revenue passed the $2 billion mark for the very first time.

For Q3, Netflix reported earnings per share of $0.12, easily beating the $0.05 that was expected.

Subscriber growth also beat estimates with 370,000 new domestic subscribers added, while only 300,000 were expected. There were 3.2 million international subscribers added, beating the 2 million that were expected.

Looking ahead, the streaming service company anticipates 1.45 million new domestic subscribers to be added for the fourth quarter.

This is compared to the 1 million new subscribers that had been expected. Netflix expects 3.75 million new international subscribers, also way ahead of the 3 million that were estimated.

Disclaimer: We have no position in Netflix, Inc. (NASDAQ: NFLX) and have not been compensated for this article.

Sofia Vida

Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.

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