Netflix Reports Revenue of $5.2 Billion, Up 31 Percent From Last Year
Global streaming memberships grow by nearly 22 percent.
Netflix had a strong third quarter, boasting total revenue of $5.2 billion, a 31.1% increase year-over-year. The company also reported solid membership growth of 6.8 million in paid net additions, down slightly from Netflix’s forecast of 7.0 million, but an increase over Q3 2018’s paid net adds of 6.1 million members. The Q3 membership increase was 12%, a record for Netflix in the third quarter. Netflix now has 158.33 million paid global memberships, a 21.4% increase year-over-year.
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