Netflix Q3 Results - The Good News

Numero
2022-10-19

> 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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Comments

  • sk27
    2022-10-19
    sk27
    good news
  • RK0948
    2022-10-19
    RK0948
    👌
  • Kin23
    2022-10-19
    Kin23
    Okok
  • LLim
    2022-10-19
    LLim
    [Smile]
  • lsjk
    2022-10-19
    lsjk
    buy
  • Go92
    2022-10-19
    Go92
    buy
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