Bulletin
Investor Alert

Market Pulse Archives

Oct. 16, 2017, 4:34 p.m. EDT

Netflix shares gain after company adds more subscribers than expected in Q3

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Netflix Inc. (NFLX)
  • X
    S&P 500 Index (SPX)
  • X
    Dow Jones Industrial Average (DJIA)

or Cancel Already have a watchlist? Log In

By Trey Williams

Netflix Inc. /zigman2/quotes/202353025/composite NFLX -21.79% shares popped more than 2.5% after the streaming giant reported earnings for the third quarter in which it added more subscribers than expected. Netflix reported net income of $129.6 million, or 29 cents per share, up from income of $51.5 million, or 12 cents per share during the same quarter a year ago. FactSet's earnings consensus was for 32 cents per share. Revenue for the third quarter was $2.98 billion, up from $2.29 billion a year ago and slightly above FactSet's consensus of $2.97. Netflix continued added 5.3 million subscribers in the quarter, an increase compared with the 3.6 million the company added during the same quarter last year. The company had guided for net additions of 4.4 million and FactSet's subscriber adds consensus was 4.5 million. Shares of Netflix have gained nearly 64% in the year to date, while the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.89% is up more than 14% and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.30% is up close to 16%.

/zigman2/quotes/202353025/composite
US : U.S.: Nasdaq
$ 397.50
-110.75 -21.79%
Volume: 58.90M
Jan. 21, 2022 4:00p
P/E Ratio
35.38
Dividend Yield
N/A
Market Cap
$176.07 billion
Rev. per Employee
$3.16M
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,397.94
-84.79 -1.89%
Volume: 3.20B
Jan. 21, 2022 4:52p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,265.37
-450.02 -1.30%
Volume: 523.88M
Jan. 21, 2022 4:52p
loading...

Get news alerts on Netflix Inc. — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.