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NFLX Netflix Inc

565.15
0.00 (0.00%)
Pre Market
Last Updated: 11:18:10
Delayed by 15 minutes
Share Name Share Symbol Market Type
Netflix Inc NASDAQ:NFLX NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 565.15 564.07 564.43 2,259 11:18:10

Netflix Posts Higher 3Q Profit, Sales on Rise of New Subscribers

19/10/2021 9:43pm

Dow Jones News


Netflix (NASDAQ:NFLX)
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From May 2021 to May 2024

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By Kimberly Chin

 

Netflix Inc. said it added more subscribers than it predicted in the latest quarter as profit and revenue rose thanks to the return of popular series and new hits.

The Los Gatos, Calif.-based streaming company said third-quarter profit increased to $1.45 billion from $790 million a year earlier. Per-share earnings were $3.19 a share, compared with $1.74 a share last year, topping GAAP earnings estimates of $2.56 a share, according to FactSet.

Revenue rose to $7.48 billion from $6.44 billion a year earlier and was in line with analysts' expectations.

The streaming service said it added roughly 4.4 million memberships in the third quarter. It had previously forecast it would add 3.5 million memberships.

 

Write to Kimberly Chin at kimberly.chin@wsj.com

 

(END) Dow Jones Newswires

October 19, 2021 16:28 ET (20:28 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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