The Oklahoman

Netflix posts higher 3Q earnings, solid subscriber growth

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Netflix posted sharply higher third-quarter earnings Tuesday thanks to a stronger slate of titles, including “Squid Game,” the dystopian survival drama from South Korea that the company says became its biggest-ever TV show.

Netflix said its subscriber base grew 9% from a year earlier, to 213.6 million, surpassing its own projection­s.

Netflix earned $1.45 billion, or $3.19 per share, in the latest quarter. That’s up from $789.9 million, or $1.79 per share, a year earlier. Revenue grew 16% to $7.48 billion from $6.44 billion.

Analysts, on average, were expecting earnings of $2.56 per share on revenue of $7.48 billion, according to a poll by FactSet.

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