3 Key Takeaways from Netflix's Third Quarter
After months of uncertainty, Netflix (NASDAQ: NFLX) made its way back into investors' good graces: It easily topped earnings expectations and booked solid subscriber growth in the third quarter.
Revenue grew by 31% year over year, topping $5.24 billion, but it was profit that made headlines. Earnings per share for the quarter soared to $1.47, up 65% compared to the prior-year quarter, and easily surpassing the $1.04 expected by the company and analysts. At the same time, Netflix added 6.77 million net new subscribers, more than doubling the 2.7 million it added last quarter.
Some of the most important insights, however, were delivered during the company's earnings interview, and via commentary in the tech giant's shareholder letter. Here are three important takeaways from Netflix management.
Source Fool.com
