Saturday, December 2, 2023
  • Login
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
No Result
View All Result

Revival? Netflix Subscribers Rose in Q3

D. Atika by D. Atika
1 year ago
in Stock Analysis

Netflix announced on the 18th (local time) that the number of subscribers in Q3 increased by 2.41 million compared to the previous quarter. It is interpreted as a sign of a revival of Netflix, which lost subscribers in the first half of this year and faced a recession. The stock price jumped nearly 15% in after-hours trading.

The Wall Street Journal (WSJ) and Reuters reported on the 18th (local time) that Netflix’s new paid subscribers in Q3 exceeded the forecast of 1.07 million people tallied by financial information company Refinitiv from July to September.

In addition, Netflix’s sales during the same period increased by 6% compared to last year to $7.93 billion, and its earnings per share (EPS) was $3.10. It exceeded market expectations ($7.837 billion). As of the third quarter, the total number of paid subscribers was 223.09 million, and the number of subscribers increased by 2.41 million in the third quarter alone.

In particular, Asia has the largest increase in new subscribers. 1.43 million people have been newly added in the Asia-Pacific region. The number of new members in North America increased by only 100,000. Netflix said, “In addition to the dramas ‘Stranger Things Season 4’ and ‘Dammer,’ Korean content ‘Extraordinary Lawyer Woo Young-woo’ also helped attract new viewers.” In a shareholder letter, Netflix said, “We are on the way to accelerating growth again after the first half of the year.”According to Netflix, “Extraordinary Lawyer Woo Young-woo” topped the weekly non-English-speaking series in 28 countries, recording 402 million hours of viewing time. it was named the sixth most successful non-English-speaking series on Netflix in four weeks.

RelatedArticle

Why Do Companies Buyback in Trading?

Why Are Floating Stocks Significant? Pt. 2

The Definition of Floating Stock, Pt. 1

NVIDIA Reported Surprising Earnings

Netflix also predicted that the number of subscribers will increase by 4.5 million in the fourth quarter, with the total number of paid members reaching 227.59 million. Reuters said, “Netflix presented a fourth-quarter forecast that exceeded Wall Street expectations,” adding, “The advertising plan will help secure new subscribers in the fourth quarter.”

In order to improve profitability, Netflix will release a lower price plan instead of watching advertisements in 12 countries, including Korea and the United States, starting early next month.

D. Atika

D. Atika

Related Posts

Why Do Companies Buyback in Trading?

meaning of buyback
by Putriyana
November 25, 2023

Companies may engage in stock buyback, also known as share repurchases, for a variety of reasons. Here are a few...

Read more

Why Are Floating Stocks Significant? Pt. 2

the significance of floating stock
by Putriyana
November 24, 2023

Floating stock is important because it can have a significant impact on the supply and demand of a stock, which...

Read more

The Definition of Floating Stock, Pt. 1

definition of floating stock
by Putriyana
November 23, 2023

Floating stock refers to the number of shares available for trading of a particular stock. In floating stocks, there are...

Read more

NVIDIA Reported Surprising Earnings

by D. Atika
November 22, 2023

Nvidia reported third-quarter earnings on the 21st (local time) that far exceeded market expectations. On the same day, Nvidia announced...

Read more
Load More
Next Post

Bloomberg: Recession Will Happen in The US Within 12 Months

Trending Issues

  • Cristiano Ronaldo makes Coca-Cola losing millions businesses

    Cristiano Ronaldo and His 6 Successful Businesses

    0 shares
    Share 0 Tweet 0
  • Forex Trading in Malaysia: How to Do It Legally

    0 shares
    Share 0 Tweet 0
  • Austrian Signa Group Filed for Bankruptcy

    0 shares
    Share 0 Tweet 0
  • 5 K-Dramas to Watch for Some Money Lessons

    0 shares
    Share 0 Tweet 0
  • Why You Should Not Buy a House

    0 shares
    Share 0 Tweet 0

Get the latest market news and trading tips to your inbox daily, subscribe now !

Topic

  • Asia News
  • Asia Trade
  • Bonus+Promotions
  • Broker News
  • Business News
  • Cryptocurrency
  • Currency Analysis
  • Finance News
  • Forex & Market
  • Forex Tips
  • Hot News
  • Investment Tips
  • Learn to Trade
  • Market Analysis
  • Politics Issue
  • Reviews
  • Social Media
  • Stock Analysis
  • Stock Market
  • Stock Trading Tips
  • Technical Analysis
  • Tips
  • trading strategy
Go Trading Asia

Go Trading Asia covers the latest in Business and Economic News and Market Analysis, with the aim of Providing Readers with the knowledge and tools to make better informed financial decisions.

  • Contact us
  • Privacy Policy
  • Disclaimer

© 2021 Go Trading Asia.

No Result
View All Result
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us

© 2021 Go Trading Asia.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In