On October 19, Netflix unveiled its financial results for Q3 2021.
One was able to generate revenue of around $7.5 billion in the last quarter of 2021. Compared to the previous year, sales thus increased by more than 16 percent. In addition, Netflix was able to meet its own expectations: According to the half-year report, the company expected Q3 revenues of $7.47 billion. In the process, the streaming service added 4.4 million paid new users (up from 2.2 million in Q3 2020) and ended the third quarter with 214 million paid memberships.
Netflix’s net income was a whopping $1.45 billion. An increase of 33 percent. In the process, earnings per share of $3.19 were generated. Q4 revenue is expected to be $7.17 billion.
The share is currently trading about 1.7 percent lower.
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