You will be redirected back to your article in seconds

Netflix Blasts Past 40 Million Global Subscribers in Third Quarter

Netflix added 1.29 million subscribers in the three months ending in September, according to the third-quarter earnings report issued Monday.

Netflix stock soared  in after-hours trading approximately 10% on news of the growth. In a move that could also be significant for Netflix’s stock, the streaming service also announced that it would accelerate its schedule of spending on original programming.

That brings Netflix’s domestic streaming audience to 31.1 million. Together with the addition of 1.44 million international subs, that brings Netflix’s global sub base to over 40 million.

Netflix’s own guidance for the third quarter was 30.5-31.3 million domestic subs and 8.3-9 million international subs; street consensus was 31.1 million and 8.7 million respectively.

Netflix may have been helped by positive buzz for “Orange is the New Black,” a comedy series that represented the streaming service’s latest original on the heels of “Arrested Development” and ‘House of Cards.”

In a letter to investors, CEO Reed Hastings credited the growth to both “Black” and the Emmy win for “house of Cards,” as well as the year-over-year comparison with a quarter that saw the Summer Olympics suppress Netflix viewing levels.

Revenue rose to $1.1 billion. Earnings per share was 52 cents.

More Digital

  • Netflix

    Netflix Stock Closes at Record-Breaking $404.98 After Analysts Raise Price Targets

    Netflix added 1.29 million subscribers in the three months ending in September, according to the third-quarter earnings report issued Monday. Netflix stock soared  in after-hours trading approximately 10% on news of the growth. In a move that could also be significant for Netflix’s stock, the streaming service also announced that it would accelerate its schedule of […]

  • Tamara Hrivnak

    Facebook’s Tamara Hrivnak Talks Company’s Music Moves: ‘We Want to Build the Future Together With You’

    Netflix added 1.29 million subscribers in the three months ending in September, according to the third-quarter earnings report issued Monday. Netflix stock soared  in after-hours trading approximately 10% on news of the growth. In a move that could also be significant for Netflix’s stock, the streaming service also announced that it would accelerate its schedule of […]

  • Tim Cook, Mark Zuckerberg and Susan

    Apple, Facebook, YouTube CEOs Speak Out Against Family Separation

    Netflix added 1.29 million subscribers in the three months ending in September, according to the third-quarter earnings report issued Monday. Netflix stock soared  in after-hours trading approximately 10% on news of the growth. In a move that could also be significant for Netflix’s stock, the streaming service also announced that it would accelerate its schedule of […]

  • facebook watch Studio

    Facebook Watch Aims to Reinvent TV With New Interactive Shows

    Netflix added 1.29 million subscribers in the three months ending in September, according to the third-quarter earnings report issued Monday. Netflix stock soared  in after-hours trading approximately 10% on news of the growth. In a move that could also be significant for Netflix’s stock, the streaming service also announced that it would accelerate its schedule of […]

  • Outlander Episode 310

    Starz Is Coming to YouTube TV as a $9 Add-On

    Netflix added 1.29 million subscribers in the three months ending in September, according to the third-quarter earnings report issued Monday. Netflix stock soared  in after-hours trading approximately 10% on news of the growth. In a move that could also be significant for Netflix’s stock, the streaming service also announced that it would accelerate its schedule of […]

  • VidCon

    Vidcon 2018: Viacom Makes Its Mark, Organizers Focus on Diversity

    Netflix added 1.29 million subscribers in the three months ending in September, according to the third-quarter earnings report issued Monday. Netflix stock soared  in after-hours trading approximately 10% on news of the growth. In a move that could also be significant for Netflix’s stock, the streaming service also announced that it would accelerate its schedule of […]

  • Google Podcasts App Launches on Android,

    Google Launches Podcast Listening App on Android

    Netflix added 1.29 million subscribers in the three months ending in September, according to the third-quarter earnings report issued Monday. Netflix stock soared  in after-hours trading approximately 10% on news of the growth. In a move that could also be significant for Netflix’s stock, the streaming service also announced that it would accelerate its schedule of […]

More From Our Brands

Access exclusive content