Netflix: Q3 earnings up 20%
(CercleFinance.com) - On Wednesday evening, Netflix reported Q3 EPS of $3.
73, up 20% y-o-y, beating the consensus, while its operating margin rose 3.1 points to 22.4%. Operating income was up nearly 25% to $1.91bn.
The video streaming platform's revenues reached $8.54bn in Q3 (vs. $7.92bn a year ago), buoyed by a 10.8% increase in the number of subscribers to 247 million.
Netflix anticipates Q4 EPS of $2.15, an operating margin of 13.3%, revenues of around $8.69bn and operating profit of $1.16bn.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
73, up 20% y-o-y, beating the consensus, while its operating margin rose 3.1 points to 22.4%. Operating income was up nearly 25% to $1.91bn.
The video streaming platform's revenues reached $8.54bn in Q3 (vs. $7.92bn a year ago), buoyed by a 10.8% increase in the number of subscribers to 247 million.
Netflix anticipates Q4 EPS of $2.15, an operating margin of 13.3%, revenues of around $8.69bn and operating profit of $1.16bn.
Copyright (c) 2023 CercleFinance.com. All rights reserved.