Netflix Stock Jumps 13% on Earnings Beat and Strong Subscriber Growth
Netflix (NASDAQ: NFLX) stock surged 12.8% in after-hours trading on Wednesday, following the video-streaming giant's release of its third-quarter results. That pop can be largely attributed to investors' delight that the company raced by Wall Street's consensus earnings estimate, driven by a solid jump in paid subscribers. Revenue was in line with analysts' expectations.
Here's an overview of Netflix's third-quarter results and fourth-quarter guidance, centered on six key metric categories.
In Q3, Netflix's revenue grew 7.8% year over year to $8.54 billion. This result was in line with the Wall Street consensus estimate, and slightly higher than the company's own guidance of $8.52 billion.
Source Fool.com
Netflix Inc. Aktie
611,40 €
1,42 %
Die Community bevorzugt leicht Netflix Inc. mit mehr Buy- als Sell-Einschätzungen.
Das von der Community festgelegte Kursziel von 643 € für Netflix Inc. deutet auf ein leichtes Wachstumspotenzial im Vergleich zu 611.4 € hin.
