FinancialBuzz.com’s latest offering, Buzz on the Street, presents “Recap of Netflix 2018 Q3 Earning.”
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The Latest “Buzz on the Street” Video Recap: Featuring Netflix (NASDAQ: NFLX) 2018 Q3 Earning
Netflix Inc. (NASDAQ: NFLX) is the world’s leading internet entertainment service with 130 million paid memberships in over 190 countries enjoying TV series, documentaries and feature films across a wide variety of genres and languages. Members can watch as much as they want, anytime, anywhere, on any internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments.
Netflix reported third quarter 2018 financial results on Tuesday. Netflix reported diluted earnings per share of USD 89 cents on revenue of USD 3.9 Billion, which increased by 34% year over year. The stronger than expected results were driven by growth in streaming revenue increased by 36%, as average paid membership increased by 25% and average selling price increased by 8%. Netflix’s international segment led the growth by reporting 5.87 million new users, bringing total users to 78.64 million. The U.S. reported an add-on of 1.09 million, now a total of 58.46 million users.
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