Netflix Q3 Earnings, Revenue Increase; Additions Beat Forecasts

Netflix (NFLX) reported Q3 earnings late Wednesday of $3.73 per diluted share, up from $3.10 a year earlier.

Analysts polled by Capital IQ expected $3.50 per share.

Revenue for the quarter ended Sept. 30 was $8.54 billion, up from $7.93 billion a year earlier.

Analysts surveyed by Capital IQ expected $8.54 billion.

The streaming giant said its global paid net additions stood at 8.76 million in Q3, compared with 2.41 million a year earlier. Analysts polled by Visible Alpha were expecting 6 million.

Netflix said it expects Q4 EPS of $2.15 on revenue of $8.69 billion. Analysts polled by Capital IQ are looking for EPS of $2.24 and revenue of $8.77 billion.

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