$Netflix (NFLX.US)$ 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.
The firm said in a release that subscriber views per member of owner households grew year over year.
"We continue to build our advertising business and improve our offering for advertisers," the firm said in a release. "Ads membership was up 35% quarter on quarter, and our ad tech platform is on track to launch in Canada in Q4 and more broadly in 2025."
