Netflix’s earnings rose 31% from the same period last year to $5.24 billion

Netflix,one of the digital publishing giants, released its third quarter 2019 financial report. Netflix, which has gained new and powerful competitors in the industry such as Apple TV+and Disney, has released data that proves what might happen in the future. Netflix’s report showed that the company’s stock trading increased after trading, and the figures significantly exceeded the expectations of profit analysts.

Netflix’s earnings rose by around 31 percent compared to the same period last year, with the company’s revenue of $5.24 billion. Netflix seems to have picked up estimates with this number, as the projected profit was $5.25 billion. More impressively, the analyst earned $1.47 per share, compared to analyst estimates of $1.05 per share. Investors expect to generate nearly $470million in netflix’s sales.

Analysts expect about 7 million new customers for the third quarter, including 800,000 of Netflix from the United States. It’s worth noting that this is a very important piece of information, because Netflix failed to meet its target in the number of users last July. Netflix didn’t gain as many users as it predicted in the second quarter of 2019, and for the first time since 2011 it suffered a loss in U.S. subscribers. That’s why the new figures are of great importance to Netflix.

In general, Netflix currently has more than 158 million members. Netflix Turkey, which has been wondering how much it will be affected by rTÜ censorship in recent weeks, also announced the number of paid users in Turkey during the same period. Netflix has 1.5 million paid users in Turkey.

Finally, Wall Street analysts say the company’s fourth-grader. estimated that it will gain 9.4 million new customers in the quarter, 1.4 million from the United States. These predictions suggest that a very lucrative period is coming for Netflix.

Categories:   Digital