Earnings: Netflix Q3 Profits Climb 22.7 Percent; Revs Up 15 Percent
Despite the bitter competition with rival video rental service Blockbuster, Netflix (NSDQ: NFLX) doesn’t seem to have suffered much over the past year. The Los Gatos, CA-based company posted a 22.7 percent gain in Q3 GAAP net income, as profits came in at $15.7 million, or $0.23 per diluted share, compared to $12.8 million, or $0.18 per diluted share, for the same period last year. But from a sequential standpoint, Netflix earnings fell 38.7 percent, from Q207’s $25.6 million. On the revenue front, Netflix brought in $294 million in Q3, a 15 percent year-over-year increase over last year’s $256 million. Meanwhile, Netflix saw a 3 percent sequential decline from Q207’s $303.7 million. Other highlights from the quarter included: --
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here