Netflix reported its third-quarter earnings Thursday, adding 5 million subscribers as its status as subscription streaming TV’s dominant platform remains unchallenged.
The company now has 282.7 million million global subscribers. Netflix will stop reporting subscriber numbers and average revenue per member beginning in the first quarter of 2025, a timeframe that is quickly approaching.
Netflix reported revenue of $9.83 billion and operating income of $2.91 billion, both up substantially from a year earlier, and each beating Wall Street expectations.
The Street had been expecting revenue of $9.76 billion and earnings per share of $5.12, and total subscriber count to top 282 million.
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