Netflix Reports Strong Q3 Financials Including 5.3 Million New Members
If you predicted that Netflix couldn’t get any better in the third quarter, we’d say ‘Stranger Things’ have happened…and they have. Yesterday Netflix (NASDAQ: NFLX) reported strong Q3 financials with a 33 percent increase in global streaming revenue and the addition of 5.3 million new memberships globally, a 49 percent increase year over year. This is considerably higher than the 4.4 million net additions Netflix had forecast. Year-to-date, Netflix has added 15.5 million new members (net), a 29 percent increase year over year.
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