Netflix Stock Surges on Earnings Beat and Subscriber Growth: 6 Metrics You Should See
Netflix (NASDAQ: NFLX) stock jumped 13.1% on Wednesday, following the video streaming giant's release on the prior afternoon of its third-quarter results that were better than many investors were likely expecting. The quarter's revenue, earnings, and net subscriber additions surpassed Wall Street's estimates.
Here is an overview of Netflix's third quarter, along with its outlook, centered on six key metric categories.
Netflix's quarterly revenue grew 6% year over year (and 13% in constant currency) to $7.93 billion. This result exceeded the $7.85 billion Wall Street consensus estimate.
Source Fool.com
