Netflix (NFLX) Tops Q3 EPS by 21c; Subs Beat
(Updated - October 16, 2018 4:07 PM EDT)
Netflix (NASDAQ: NFLX) reported Q3 EPS of $0.89, $0.21 better than the analyst estimate of $0.68. Revenue for the quarter came in at $3.99 billion versus the consensus estimate of $4 billion.
Netflix’s total net subscriber additions for Q3 were 6.96 million, versus the 5 million forecast from the company.
- Netflix reported Q3 domestic subscriber additions of 1.09 million, versus the consensus of 600K and 650K forecast from the company.
- Netflix reported Q3 international subscriber net additions of 5.87 million, versus the consensus of 4.2 million and 4.35 million forecast from the company.
The company sees Q4 net additions of 9.4 million, versus the consensus of 7.7 million.
- The company sees Q4 domestic subscriber net additions of 1.8 million, versus the consensus of 1.6 million.
- The company sees Q4 international subscriber net additions of 7.6 million, versus the consensus of 6.1 million.
The company sees Q4 EPS of $0.23, versus the consensus of $0.51. The company sees Q4 revenue of $4.2 billion versus the consensus of $4.23 billion.
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