Published , by Donovan Erskine
Published , by Donovan Erskine
Netflix (NFLX) is out with its earnings for Q3 2024, and it shows a beat on revenue and EPS expectations. In addition to hitting these figures, the company’s subscriber account is slightly higher than predicted.
Netflix’s Q3 2024 earnings report dropped at the close of markets today. The entertainment company made $9.83 billion in revenue against an expectation of $9.77 billion. In terms of earnings-per-share, Netflix brought in $5.40 against a $5.12 expectation. Netflix also saw a subscriber total of 282.7 million in Q3, which is just above the expected number of 282.15 million.
Netflix (NFLX) stock took a large jump in after-hours trading following the release of the earnings report. It was valued as high as $718.27 after ending the day at $687.65.
With Netflix showing a strong quarter on all measurable fronts, we’ll be watching to see how the company rounds out the fiscal year. Make Shacknews your home for business news at the intersection of technology.