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Netflix Q3 beat expectations as shares climb: stream some shares?
$Netflix (NFLX.US)$ reported Q3 earnings of $5.40/share, vs estimates of $5.12/share, on revenue of $9.82B vs estimates of $9.78B. Investors Show More
$Netflix (NFLX.US)$ reported Q3 earnings of $5.40/share, vs estimates of $5.12/share, on revenue of $9.82B vs estimates of $9.78B. Investors watched net new subscriber numbers closely, coming in at 5.07M vs estimates of 4.52M.
The firm also reported Global Streaming Paid memberships came in higher than estimates, at 282.72M vs. estimates of 281.92M. Revenue grew 15% year over year, and the firm said it expects revenue growth of 15% for 2024.
🎙️Discussion:
1. Do you think Netflix's future revenue growth will remain strong?
2. Do you expect any new growth engine for Netflix?
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