> Here are the topline results:
• EPS: $3.10 vs. $2.13 per share, according to Refinitiv.
• Revenue: $7.93 billion vs. $7.837 billion, according to Refinitiv survey.
• Expected global paid net subscribers: Addition of 2.41 million subscribers vs projected 1.09 million subscribers, according to StreetAccount estimates.
The majority of Netflix’s net subscriber growth during the quarter came from the Asia-Pacific region, which accounted for 1.43 million subscribers. The U.S.-Canada region had the smallest growth of Netflix’s regions, contributing just 100,000 net subscribers.
> Plans In the pipeline:
• Netflix will begin to crack down on password sharing next year, opting to allow people who have been borrowing accounts to create their own.
• The company will also allow people sharing their accounts to create sub-accounts to pay for friends or family to use theirs.
• The addition of its new lower-priced ad-supported plan, which launches in 12 countries in November.
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