As a long-time Netflix subscriber who remembers when their subscription cost less than a pizza delivery, I must say that this latest earnings report has me feeling like I just struck gold! The revenue and EPS beats, along with the slight over-achievement on subscribers, makes it clear that Netflix is still the streaming giant in town.
As a gaming enthusiast, I’m excitedly diving into the latest financial reports from Netflix (NFLX) for Q3 2024. It looks like they’ve outperformed expectations on both revenue and EPS, which is a fantastic achievement! But here’s what truly sets the pulse racing – their subscriber count turned out to be slightly higher than anticipated. This means more movies, series, and games for me to enjoy in the coming quarters! 😊
Today, Netflix released its third quarter earnings report for 2024, and it surpassed expectations. The streaming giant reported $9.83 billion in revenue instead of the anticipated $9.77 billion. In terms of earnings per share, Netflix exceeded predictions with $5.40 compared to the projected $5.12. Furthermore, the company reported a total of 282.7 million subscribers for Q3, slightly more than the expected 282.15 million.
After the earnings report’s release, Netflix (NFLX) shares experienced a significant increase during after-hours trading. The stock peaked at $718.27, marking a substantial rise from its closing price of $687.65 for the day.
As Netflix excels across all key indicators during the recent quarter, we’re eagerly awaiting to observe their performance as they conclude the current fiscal year. Make Shacknews your go-to source for tech-centric business updates.
Read More
Sorry. No data so far.
2024-10-17 23:57