Netflix beats third quarter earnings targets with 5 million new customers

📆 17-10-24 23:06:00
📰 globebusiness

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

Canadian News Nouvelles

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.”

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

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.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »