Categories AlphaGraphs, Earnings, Leisure & Entertainment
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% 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.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
GIS Earnings: All you need to know about General Mills’ Q2 2025 earnings results
General Mills, Inc. (NYSE: GIS) reported its second quarter 2025 earnings results today. Net sales increased 2% year-over-year to $5.2 billion. Organic sales were up 1%. Net earnings attributable to
Earnings Preview: Accenture (ACN) likely had a strong start to fiscal 2025
For Accenture plc. (NYSE: ACN), 2024 was a fruitful year marked by positive financial performance. The professional service firm effectively navigated a challenging market environment leveraging its agile business model
Signet Jewelers (SIG): Fashion remains a strong point for the jewelery retailer
Shares of Signet Jewelers Limited (NYSE: SIG) were down over 3% on Tuesday. The stock has dropped 12% over the past three months. The company faced challenges in the third
