Netflix Inc (NASDAQ:NFLX, ETR:NFC) reported third-quarter results that exceeded Wall Street's expectations across key financial metrics, adding 5.07 million subscribers and driving a 15% year-over-year revenue growth. The streaming giant posted earnings per share (EPS) of $5.40, surpassing analysts' forecasts of $5.12, while revenue reached $9.83 billion, slightly above the projected $9.77 billion.
Streaming giant Netflix Inc NFLX reported third-quarter financial results after market close Thursday.
Netflix (NFLX) is rallying postmarket after the company posted an earnings beat. The streaming giant is raising prices in select countries and announced its global streaming paid memberships grew 14%.
Barbara Doran, BD8 Capital Partners CEO, and Mark Mahaney, Evercore ISI head of internet research, react to Netflix earnings.
Netflix beat Wall Street's expectations on both earnings and revenue, and added 35 million paid subscribers year-over-year, sending shares of the streaming giant up in after-hours trading.
Netflix reported third-quarter earnings on Thursday. New subscriber numbers beat analysts' expectations at 5.07 million.
Alex Kantrowitz, Big Technology, joins 'Closing Bell' to discuss his expectation for Netflix earnings.
Netflix delivered a mixed set of third-quarter results, beating Wall Street estimates for earnings per share and subscriber growth but falling short on revenue. Total revenue of $9.559 billion fell short of analysts' consensus for $9.77 billion. Earnings per share of $5.40 and total subscriber tally of 282.72 million beat the Street forecasts of $5.
Streaming video pioneer Netflix picked up 5.1 million subscribers in the third quarter, topping Wall Street estimates by more than 1 million users, the company said in its earnings report on Thursday.
Lee Munson, Portfolio Wealth Advisors president and CIO, joins CNBC's 'The Exchange' to discuss what how he sees Netflix, American Express and Proctor & Gamble ahead of Q3 earnings reports.
The Investment Committee debate how to trade Netflix ahead of tonight's quarterly report.
@LikeFolio's Landon Swan believes Netflix sliding off its all-time high is "more of an opportunity than anything" to buy. He points to the streaming giant's advertising shift as a tailwind due to the options it provided for customers.