Netflix Reports Strong Q3 Financials Including 5.3 Million New Members
Representing a 49 percent increase year over year.
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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