Netflix beat forecasts for subscriber growth — its own as well as Wall Street’s — in the third quarter, adding 4.38 million to reach nearly 214 million worldwide.
Revenue matched estimates for the period ending September 30, rising 16% year-over-year to $7.48 billion. On the bottom line, the company demolished earnings per share estimates. After forecasting $2.55, and with the Street bar set at a similar level, the company posted $3.19. (The near-doubling from $1.74 in the year-ago quarter was due in part to a $136 million non-cash gain related to the revised valuation of Euro debt.)
“After a lighter-than-normal content slate in Q1 and Q2 due to Covid-related production delays in 2020, we are seeing the positive effects of a stronger slate in the second half of the year,” the company wrote in its quarterly letter to shareholders.
Along with the third-quarter report, Netflix also predicted it will add 8.5 subscribers in the fourth quarter to top 222 million global customers.
Netflix...
Revenue matched estimates for the period ending September 30, rising 16% year-over-year to $7.48 billion. On the bottom line, the company demolished earnings per share estimates. After forecasting $2.55, and with the Street bar set at a similar level, the company posted $3.19. (The near-doubling from $1.74 in the year-ago quarter was due in part to a $136 million non-cash gain related to the revised valuation of Euro debt.)
“After a lighter-than-normal content slate in Q1 and Q2 due to Covid-related production delays in 2020, we are seeing the positive effects of a stronger slate in the second half of the year,” the company wrote in its quarterly letter to shareholders.
Along with the third-quarter report, Netflix also predicted it will add 8.5 subscribers in the fourth quarter to top 222 million global customers.
Netflix...
- 10/19/2021
- by Dade Hayes
- Deadline Film + TV
Similar News
‘Dead Boy Detectives’ Recap (Episodes 1-8): Everything That Happens In Netflix Series
- 4/25/2024
- by Siddhartha Das
- Film Fugitives
Koneko no Chi Ponponra Natsuyasumi 3Dcg Anime Begins Streaming in July 2024
- 4/25/2024
- by Paul Chapman
- Crunchyroll
Thandiwe Newton Joins Wednesday Season 2 Characters Details Revealed!
- 4/25/2024
- by Vishal
- https://dailyresearchplot.com/wp-content/uploads/2023/03/new-sam
Dead Boy Detectives (2024) Season 1 Review — Thrills and Grim LOLs
- 4/25/2024
- by M.N. Miller
- FandomWire
Comics Unleashed With Byron Allen Airs May 2 2024 on CBS
- 4/25/2024
- by Jules Byrd
- TV Everyday
#Handles Episode 50 #Handles 5/1 Airs May 2 2024 on truTV
- 4/25/2024
- by Jules Byrd
- TV Everyday
Will Netflix Start Using Nielsen Ratings to Sell Itself to Sports Leagues After Deciding Not to Share Subscriber Totals?
- 4/24/2024
- by David Satin
- The Streamable
Inside The New York Times’ Next Big Bet: ‘The Interview’ (Exclusive)
- 4/23/2024
- by Alex Weprin
- The Hollywood Reporter - Movie News
Emily In Paris Season 4: Potential Release Window, Cast & More; Here’s All You Need To Know About This Lily Collins Led Netflix Series
- 4/23/2024
- by Esita Mallik
- KoiMoi
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.
More to explore
’28 Years Later’ Adds Aaron Taylor-Johnson, Jodie Comer and Ralph Fiennes
- 4/24/2024
- by Katcy Stephan
- Variety Film + TV
American Black Film Festival 2024 Lineup Includes Vivica A. Fox and Jussie Smollett-Starring Drama (Exclusive)
- 4/24/2024
- by Angelique Jackson
- Variety - Film News
‘Wednesday’ Season 2 Casts Thandiwe Newton (Exclusive)
- 4/23/2024
- by Joe Otterson
- Variety - TV News
Terry Carter, ‘Battlestar Galactica’ and ‘McCloud’ Actor, Dies at 95
- 4/23/2024
- by Lexi Carson
- Variety - Film News
Peacock Quarterly Loss Narrows to $639M as Streamer Hits 34M Subscribers
- 4/25/2024
- by Georg Szalai
- The Hollywood Reporter - Movie News
’28 Years Later’ Adds Aaron Taylor-Johnson, Jodie Comer and Ralph Fiennes
- 4/24/2024
- by Katcy Stephan
- Variety Film + TV
Julio Torres's "Problemista" Shows the US Immigration System Is a Relentless Maze
- 4/24/2024
- by Johanna Ferreira
- Popsugar.com
Chuwi Is the Voice of a New Puerto Rican Generation
- 4/23/2024
- by Juan Arroyo
- Popsugar.com
Camila Mendes on Why We Need More Latine Representation in Rom-Coms
- 4/22/2024
- by Brenda Barrientos
- Popsugar.com
Saraciea Fennell: "The Black Girl Survives in This One" Is the Representation I Didn't See in Horror Books
- 4/22/2024
- by Saraciea Fennell
- Popsugar.com
Every Zendaya Role Ranked: ‘Challengers,’ ‘Dune,’ ‘Euphoria,’ and More
- 4/25/2024
- by Wilson Chapman
- Indiewire
Rushes | Participant Shutters, Hollywood Rebounds, Scorsese’s Sinatra
- 4/24/2024
- MUBI
Mark Ruffalo Says He Is Recognized ‘Way More’ for ’13 Going on 30′ Than for MCU’s Hulk
- 4/24/2024
- by Samantha Bergeson
- Indiewire
Accident Video on ‘The Pickup’ Set Shows Vehicles Flipping Over
- 4/24/2024
- by Brian Welk
- Indiewire
The 12 Best Tennis Movies, from ‘Strangers on a Train’ to ‘Challengers’
- 4/24/2024
- by Wilson Chapman and Mark Peikert
- Indiewire
’28 Years Later’ Adds Aaron Taylor-Johnson, Jodie Comer and Ralph Fiennes
- 4/24/2024
- by Katcy Stephan
- Variety Film + TV
American Black Film Festival 2024 Lineup Includes Vivica A. Fox and Jussie Smollett-Starring Drama (Exclusive)
- 4/24/2024
- by Angelique Jackson
- Variety - Film News
There’s Still Tomorrow review – resoundingly sentimental drama in postwar Rome
- 4/25/2024
- by Peter Bradshaw
- The Guardian - Film News
‘First Light’, starring Ruby Ruiz, starts shooting in the Philippines for Independent Entertainment
- 4/25/2024
- ScreenDaily
‘Expats’ Star Ruby Ruiz to Lead James J. Robinson’s Directorial Debut ‘First Light’ (Exclusive)
- 4/25/2024
- by Alex Ritman
- Variety - Film News
‘Wednesday’ Season 2 Casts Thandiwe Newton (Exclusive)
- 4/23/2024
- by Joe Otterson
- Variety - TV News
Terry Carter, ‘Battlestar Galactica’ and ‘McCloud’ Actor, Dies at 95
- 4/23/2024
- by Lexi Carson
- Variety - Film News
TelevisaUnivision Posts 1Q Loss But Projects Streaming Profits in 2H
- 4/25/2024
- by Brian Steinberg
- Variety - TV News
Priyanka Chopra Jonas’ ‘Women of My Billion’ to Launch on Prime – Global Bulletin
- 4/25/2024
- by Patrick Frater
- Variety - TV News
‘The Kindred Chronicles’ Set for Adaptation Under Hip Studios-8Letters Deal
- 4/25/2024
- by Patrick Frater
- Variety - TV News