(Finance) – Recovery signals for the video streaming giant. Netflix, after months of collapses, it reported 2.4 million new users between July and September, doubling the numbers forecast by analysts (1 million). In the first and second quarters, Netflix had in fact lost 200,000 and 970,000 subscribers, respectively.
The news of the strong subscription growth combined with the announcement of a robust quarter they gave wings to the stock which on Wall Street, in after hours trading, scored a jump of more than 14 percentage points.
The third quarter ended with a revenue equal to 7.93 billion dollars, definitely higher than the 7.85 billion expected. EPS on an adjusted basis stood at $ 3.10, exceeding the $ 2.22 expected by the consensus.