Netflix reports Q3 revenue of $2.99B, up 30% YoY, vs. $2.97B est., 5.3M total subs added vs. 4.5M est., projects 6.3M new subscribers in Q4
We are growing nicely across the world … Ben Popper / The Verge : With another strong quarter, Netflix share price hits all-time high Matthew Lynley / TechCrunch : Netflix crushes its own expectations for subscription growth again Michelle Castillo / CNBC : Netflix adds 5.3 million subscribers during third quarter, beating analysts' estimates Tweets: Jan Dawson / @jandawson : Netflix's last price increases occurred at a time when US costs per sub were falling/flat. Not so these next ones: pic.twitter.com/rbn4QqoBLl Aaron Pressman / @ampressman : Shares up 2% https://twitter.com/... Jon Erlichman / @jonerlichman : Netflix subscribers (Q3) 2017: 109.3 million 2016: 86.7 million 2015: 69.2 million 2014: 53.1 million 2013: 40.3 million 2012: 29.4 million Charlie Bilello / @charliebilello : Netflix Revenue Growth, YoY: 30.6%. Netflix Stock Price, YoY: +100% $NFLX pic.twitter.com/CjnhFjYGrT @recode : Netflix's international subscribers continue to grow more quickly than those in U.S.: http://twitter.com/... Jon Erlichman / @jonerlichman : Netflix's Third Quarter Revenue: (Every 10 Years) Q3 2017: $2.9 billion Q3 2007: $294 million Q3 1997: $0 Jan Dawson / @jandawson : So, the reporting on Netflix's price increase (US only, all at once) seems to have been pretty inaccurate... pic.twitter.com/pf3D7cmJM6 @recode : Ahead of earnings, Netflix stock price closed at an all-time high today: $202/share http://twitter.com/... Charlie Bilello / @charliebilello : Netflix is up over 17,000% since its IPO in May 2002, an annualized return of 40%. $NFLX pic.twitter.com/ZQjRp9Q8HF Peter Kafka / @pkafka : A few months ago, Netflix projected it would spend $7 billion on content next year. Now it says that number could hit $8 billion. http://twitter.com/... Neil Cybart / @neilcybart : Market caps: Disney: $151B Netflix: $89B Jon Erlichman / @jonerlichman : Netflix content budget: 2018: $7-$8 billion (forecast) 2017: $6 billion 2016: $5 billion 2015: $4 billion 2014: $3 billion 2013: $2 billion @cheddar : Some (bold) Netflix forecasts for Q4: -Revenue $3.27B -1.25M domestic additions -5.05M international additions $NFLX See also Mediagazer