Netflix Inc (NASDAQ: NFLX) reported third-quarter financial results after the close. Here’s a look at the key metrics for the quarter.
Q3 Earnings: Netflix said third-quarter revenue increased 7.8% year-over-year to $8.54 billion, which beat the consensus estimate of $8.53 billion, according to Benzinga Pro.
The company reported quarterly earnings of $3.73 per share, which beat the consensus estimate of $3.49, up from $3.10 in the same period last year.
Netflix said its better-than-expected results were due to higher-than-expected member growth. Paid net adds came in at 8.76 million, up from 2.4 million in the prior quarter, driven by the rollout of paid sharing, strong ...