Netflix achieved an 18% rise in its third-quarter profit, to reach $ 790 million, equivalent to one dollar and seventy-four cents per share.
According to Arabiya Net, the quarterly earnings were below the average analysts' expectations of two dollars and fourteen cents per share.
Earning per share was $ 1.74, compared to 2.14 expected, and global net subscriber additions paid were 2.2 million subscribers against 3.57 million expected. While the revenues were recorded at 6.44 billion dollars compared to 6.38 billion dollars expected, according to Refinitiv.
The company expected to add 6 million new subscribers in the fourth quarter of the year, less than the average forecast, in light of the easing of restrictions imposed to contain the epidemic and increase competition.
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Netflix seeks to finance its own programs without lending. The company said it is closer than ever to achieving this goal.
She added, of course, the subscriber path is not good, from 15.8 million additions in the first quarter to 10.1 million in the second quarter to 2.2 million in the third quarter. But the grand plan is on the right track.
