Netflix Q3 earnings exceed estimates, despite disappointing US subscriber growth

Netflix Q3 earnings exceed estimates, despite disappointing US subscriber growth

5 years ago
Anonymous $JavybBYWR5

https://techcrunch.com/2019/10/16/netflix-q3-earnings-2/

Netflix’s Q3 financial report has given the company’s stock a boost in after-hours trading, with profits significantly exceeding analyst expectations.

The streaming giant reported revenue of $5.24 billion revenue, up 31% year-over-year and more-or-less in line with predictions of $5.25 billion. More impressively, it reported GAAP earnings of $1.47 per share, compared to analyst estimates of $1.05 per share.