Netflix (NFLX) subscribers rise 9% in Q3; earnings beat Street view

Video streaming giant Netflix, Inc. (NASDAQ: NFLX) Tuesday reported a 9% increase in subscribers for the third quarter of 2021. Revenues and earnings increased year-over-year. The bottom line also topped expectations. At the end of the third quarter, the company had 213.56 million paid subscribers, which is up 9% from last year. Revenues climbed 16.3% […]

$NFLX October 19, 2021 1 min read

NYSE

$NFLX · Earnings

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Video streaming giant Netflix, Inc. (NASDAQ: NFLX) Tuesday reported a 9% increase in subscribers for the third quarter of 2021. Revenues and earnings increased year-over-year. The bottom line also topped expectations. At the end of the third quarter, the company had 213.56 million paid subscribers, which is up 9% from last year. Revenues climbed 16.3% […]
· October 19, 2021

At the end of the third quarter, the company had 213.56 million paid subscribers, which is up 9% from last year. Revenues climbed 16.3% annually to $7.48 billion and matched Wall Street’s projection.

Net income came in at $1.45 billion or $3.19 per share in the third quarter, up from $790 million or $1.74 per share recorded in the same period of 2020. Market watchers had forecast slower bottom-line growth for the latest quarter.

Read management/analysts’ comments on Netflix’s Q3 report

Shares of Netflix made strong gains in Tuesday’s extended trading following the announcement, after closing the regular session higher.