Abhoy Sarkar's Avatar
published in Blogs
Oct 19, 2022
Netflix (NFLX, $240.86) posts higher-than-expected earnings, with subscriber count beating estimates

Netflix (NFLX, $240.86) posts higher-than-expected earnings, with subscriber count beating estimates

Netflix posted diluted earnings of $3.10 per share, that exceeded the Street expectations of $2.13 per share.

Revenue rose +6% from the year-ago quarter to  $7.93 billion, compared to analysts’ expectations of $7.84 billion. Netflix added almost 2.4 million global subscribers in the quarter, beating estimates of 1 million. However, the figure is lower than the 4.4 million in the year-ago quarter.