1 month ago
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LOS ANGELES — Netflix posted third-quarter earnings that beat on the top and bottom line Thursday after the bell.
The company's advertising business continued to grow in the third-quarter, with ad-tier memberships jumping 35% quarter-over-quarter. It's on track to launch this service in Canada in the coming quarter and more broadly in 2025.
Here are the results:
Earnings per share: $5.40 compared with the $5.12 expected by LSEG.Revenue: $9.83 billion compared with the $9.77 billion expected by LSEG.Paid memberships: 282.7 million compared to 282.15 million expected, according to StreetAccountThis is a breaking news story. Please check back for updates.
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Correction: This story has been updated to correct reported and estimated revenue for Netflix's third quarter. The company reported $9.83 billion compared with $9.77 billion expected, according to LSEG.
