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.
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) ended fiscal 2023 on a positive note, delivering strong results for the fourth quarter. In the new fiscal year, the company’s focus will be
Shares of Signet Jewelers Limited (NYSE: SIG) were down over 2% on Friday. The stock has gained 40% year-to-date and 27% over the past three months. The jewelry retailer saw
eSignature service provider DocuSign, Inc. (NASDAQ: DOCU) reported higher revenues and better-than-expected adjusted earnings for the third quarter of 2024. The company also provided guidance for the fourth quarter and