Netflix spikes 11% after global subscriber growth blows away forecasts (NFLX)

markets.businessinsider.com | 10/16/2019 | Staff
Shares of Netflix rose as much as 11% in post-market trading after the company reported international new subscriber additions in the third quarter that beat Wall Street forecasts.

The streaming giant also reported US subscriber additions that were in line with estimates. The prior quarter Netflix saw a contraction in domestic subscribers.

Company - Earnings - Share - Expectations

The company also reported earnings per share that surpassed expectations.

Watch Netflix trade live on Markets Insider.

Netflix - Stock - % - Subscriber - Additions

Netflix's stock gained as much as 11% after reporting international new subscriber additions in the third quarter that beat Wall Street forecasts.

The streaming giant also reported earnings per share that handily exceeded estimates.

Numbers - Netflix - Earnings - Report

Here are the key numbers from Netflix's third-quarter earnings report:

Netflix is forecasting global subscriber growth...
(Excerpt) Read more at: markets.businessinsider.com
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