Video streaming leader Netflix announced on Tuesday (10/18) its third-quarter earnings report. In the quarter, Netflix generated $7.93 billion in revenue, an increase of 5.9%, and earnings per share were $3.1. In addition, Netflix paid subscriptions in the quarter. The number of users increased by 2.41 million, bringing its global subscriber population to 223 million, ending two consecutive quarters of recession, and the company’s stock price rose 14.38% after the market that day to $275.5 due to the better-than-expected earnings report.
I am the founder of Urbantechstory, a Technology based blog. where you find all kinds of trending technology, gaming news, and much more.View all posts by Ewen Eagle →