Netflix Q3 Earnings: Revenue Beats, EPS Tops, Q4 Guidance Projects Subscriber Boost From 'Squid Game,' NFL, And Boxing
Portfolio Pulse from Chris Katje
Netflix reported strong Q3 earnings with revenue and EPS beating expectations. The company saw a 14.4% increase in global paid subscribers and projects further growth in Q4, driven by popular content like 'Squid Game' and NFL games. Netflix's ad-supported plan is gaining traction, representing over 50% of new sign-ups. The company expects significant revenue growth by 2025.
October 17, 2024 | 8:31 pm
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Netflix's Q3 earnings exceeded expectations with strong revenue and EPS. Subscriber growth continues, driven by popular content and an expanding ad-supported plan. Q4 guidance is optimistic, projecting further subscriber and revenue growth.
Netflix's Q3 results show strong financial performance with revenue and EPS beating estimates. The company's subscriber base continues to grow, supported by popular content and a successful ad-supported plan. The positive Q4 guidance and after-hours stock price increase suggest a likely short-term positive impact on NFLX stock.
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IMPORTANCE 90
RELEVANCE 100