$Netflix (NFLX.US)$ Q3 Earnings Report: Revenue $9.83B (+15%...

$Netflix (NFLX.US)$ Q3 Earnings Report: Revenue $9.83B (+15%) | EPS $5.40 (+45%) | Operating Income $2.91B | Net Income $2.36B

👉 Business Highlights:

➡️ Revenue grew 15% year over year to $9.83B, exceeding initial forecasts.

➡️ Operating Margin reached 30%, a 7% improvement compared to Q3’23.

➡️ Net Income was $2.36B, up 41% from $1.68B in Q3’23.
➡️ EPS increased 45% year over year, rising to $5.40 from $3.73.

➡️ Paid memberships grew by 5.1M in Q3, reaching 282.7M globally.

➡️ Free Cash Flow totaled $2.2B, significantly up from $1.9B in Q3’23.

➡️ Share Buybacks: Repurchased 2.6M shares for $1.7B; $3.1B remains under authorization.

➡️ APAC led regional growth with 19% revenue increase year over year.

➡️ Ads membership increased 35% quarter over quarter, signaling strong growth in advertising business.

👉 CEO Statement:

“Q3 was another solid quarter of revenue growth and margin expansion, demonstrating our ability to reaccelerate growth as we head into a strong Q4,” said Reed Hastings, Netflix CEO.