Netflix, Inc. (NASDAQ: NFLX) reported third quarter 2023 earnings results today.
Revenue increased 7.8% year-over-year to $8.54 billion, beating estimates of $8.53 billion.
Net income was $1.67 billion, or $3.73 per share, compared to $1.39 billion, or $3.10 per share, last year. EPS surpassed analysts’ projections of $3.50.
Global streaming paid net additions were 8.76 million for the third quarter.
For the fourth quarter of 2023, the company expects revenue to grow 10.7% YoY to $8.69 billion. Net income is expected to be $956 million, or $2.15 per share.
The stock jumped 10% during after-market hours on Wednesday following the announcement.
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