Netflix (NFLX) Just Surpassed This For The Very First Time
Author By Sophia VidaPosted on 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.
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