Categories AlphaGraphs, Earnings, Leisure & Entertainment
NFLX Earnings: Key quarterly highlights from Netflix’s Q3 2022 financial results
Netflix Inc. (NASDAQ: NFLX) reported third quarter 2022 earnings results today.
Revenue grew 6% year-over-year to $7.9 billion.
Net income was $1.3 billion, or $3.10 per share, compared to $1.4 billion, or $3.19 per share, last year.
Global streaming paid net additions were 2.41 million, ahead of the company’s forecast.
Both the top and bottom line numbers beat market estimates, sending the stock soaring 12% in after-market hours.
For the fourth quarter of 2022, the company expects revenue of $7.7 billion, reflecting little change from the year-ago period. Paid net additions are expected to be 4.50 million.
Prior performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
United Parcel Service (UPS) seems on track to regain lost strength
Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic
IPO Alert: What to look for when Boundless Bio goes public
Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.
Nike (NKE) bets on innovation and partnerships to return to high growth
Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company