Global streaming giant Netflix, Inc. (NFLX) reported stellar third-quarter earnings and revenue in line with expectations. Q3 results were driven by robust growth in paid memberships to 214 million viewers with net additions of 4.4 million viewers. Following the news, shares jumped as much as 2.8% in the extended trading session on October 19 but finished the session down 1.4%. The company reported earnings of $3.19 per share, up 83.3% year-over-year, and significantly outpaced analyst estimates of $2.56 per share. Further, quarterly revenue climbed 16% year-over-year to $7.48 billion, in line with consensus estimates. The APAC region contributed the most to paid memberships with 2.
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Netflix (NASDAQ:NFLX)
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