Thursday, July 10, 2025
  • 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
3 years 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

Dow Jones Rises Inflation Data Dell Plunges Earnings

NIO Stock Confusion: Why It’s Good News for Tesla

The Company, XYZ Stock Split: What Does It Mean for Investors?

Tesla Performed Sluggish in Q4 2023

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

Dow Jones Rises Inflation Data Dell Plunges Earnings

Dow Jones rises on inflation data. Illustration of a hand in a business suit holding a red marker, drawing an upward trending line on a graph. The red line represents a fluctuating but overall increasing trend, symbolizing growth or improvement in a business or financial context. The background is a light gray color.Stock Market Correction Strategies
by oney
October 26, 2024

Introduction The Dow Jones Industrial Average experienced a notable rise following the release on new inflation data, while Dell Technologies...

Read more

NIO Stock Confusion: Why It’s Good News for Tesla

NIO stock trading
by oney
October 25, 2024

Introduction The electric vehicle (EV) market has been a hotbed of activity, with companies like NIO and Tesla often making...

Read more

The Company, XYZ Stock Split: What Does It Mean for Investors?

The money split to four money, that call stock split.
by oney
September 26, 2024

In a move that sent ripples through the financial world, tech giant XYZ announced a stock split today. This decision...

Read more

Tesla Performed Sluggish in Q4 2023

by D. Atika
January 25, 2024

Tesla, a U.S. electric car maker, showed sluggish performance in the fourth quarter of last year, falling below experts' expectations....

Read more
Load More
Next Post

Bloomberg: Recession Will Happen in The US Within 12 Months

Trending Issues

  • Forex Day Trade EUR/USD Pair

    Understanding Right Hand Side in the Forex Market

    0 shares
    Share 0 Tweet 0
  • Amazon Has a New Fitness Tracker as Its Innovation

    0 shares
    Share 0 Tweet 0
  • Can Forex Traders Rely on Forex Signal Service?

    0 shares
    Share 0 Tweet 0
  • What is The Price-to-Earnings (P/E) Ratio?

    0 shares
    Share 0 Tweet 0
  • David Jou in Building Pomelo Fashion

    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