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

  • Netflix Q2 2021 earnings infographic
  • Netflix reports Q4 2020 earnings results

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

Stock Watch : Here’s What You Need to Know before investing in Kellogg (K)

Food companies have performed better than most other sectors during the pandemic as government restrictions forced people to cook at home. Investors, in general, find the stocks of such companies

Beyond Meat (BYND) is perched rather precariously and needs to regain its footing soon

Shares of Beyond Meat Inc. (NASDAQ: BYND) gained 20% on Friday, recovering from the beating it took following the disappointing first quarter 2022 earnings report it delivered earlier this week.

JKS Earnings: Highlights of JinkoSolar’s Q1 2022 results

Solar panel manufacturer JinkoSolar Holdings Co. (NYSE: JKS) has reported a sharp increase in first-quarter revenues, reflecting higher production and shipment of modules. Meanwhile, the company's net profit declined year-over-year. Net

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top