Netflix (NFLX) reported 3rd Quarter September 2016 earnings of $0.12 per share on revenue of $2.3 billion. The consensus earnings estimate was $0.06 per share on revenue of $2.3 billion. The Earnings Whisper number was $0.09 per share. Revenue grew 31.7% on a year-over-year basis.
The company said in its shareholders letter it expects fourth quarter earnings of approximately $0.13 per share. The current consensus earnings estimate is $0.09 per share for the quarter ending December 31, 2016.
Netflix Inc operates as an Internet television network providing
TV shows & movies which include original series, documentaries & feature
films. The Company has three segments namely Domestic streaming,
International streaming & Domestic DVD.
Netflix Releases Third-Quarter 2016 Financial Results
Netflix, Inc. (NFLX) has released its third-quarter 2016 financial results by posting them to its website. Please visit the Netflix investor relations website at http://ir.netflix.com to view the Q316 financial results and letter to shareholders.
Netflix Chief Executive Officer Reed Hastings, Chief Financial Officer David Wells and Chief Content Officer Ted Sarandos will participate in a live video interview at 2:00 p.m. Pacific Time at youtube.com/netflixir. The interview will be conducted by Ben Swinburne, Morgan Stanley and Scott Devitt, Stifel. Questions that investors would like to see asked should be sent to email@example.com or firstname.lastname@example.org.
About Netflix, Inc.
Netflix is the worlds leading Internet television network with over 83 million members in over 190 countries enjoying more than 125 million hours of TV shows and movies per day, including original series, documentaries and feature films. Members can watch as much as they want, anytime, anywhere, on nearly any Internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments.
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SOURCE Netflix, Inc.