News Formal

Netflix beats third quarter earnings targets with 5 million new customers

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 22 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 176%
  • Publisher: 66%

Canadian News News

Canada News,Breaking News Video,Canadian Breaking News

Shares of Netflix rose 3.5 per cent to $711.98 in after-hours trading following the earnings report on Thursday

picked up 5.1 million streaming subscribers in the third quarter, topping Wall Street estimates by more than 1 million users, and said it expected higher customer growth around the holidays when Korean drama “Squid Game” returns.

Diluted earnings per share landed at $5.40, above the consensus forecast of $5.12. Revenue hit $9.825 billion, just ahead of the $9.769 billion consensus forecast. “We've delivered on our plan to reaccelerate our business, and we’re excited to finish the year strong with a great Q4 slate,” the company said in a letter to shareholders. New programming will include the second season of Korean drama “Squid Game.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 31. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Asian markets surge higher after Wall Street takes a breatherShares rolled higher in Asia on Thursday after U.S. stocks edged back from their records.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »