Netflix outdoes own projections in third-quarter earnings

Asia's Tech News Daily

With an additional 4.4 million subscribers gained in the third quarter, the streaming-giant Netflix now boasts 213.5 million users globally, the company announced in a call to investors after the closing bell on Tuesday.

The record number surpassed the company’s expectations but went on to project a subscriber count of 222 million by the end of the next quarter.

Investors were thrilled with the news as Netflix shares jumped as much as two percent in after hours trading before going into the red for the rest of the night.

Netflix brought in $1.4 billion in profit, according to the earnings report, an increase of $790 million from a year before. Revenue also jumped 16% to $7.4 billion.

© Provided by New York Daily News Netflix gave its investors good news.

Netflix gave its investors good news.

For the company, the news is welcome after suffering from two slower quarters that did not show a massive increase in subscribers. Executives are hoping the latest numbers are an indicator that Netflix is righting the ship, CNN reported.

Despite the good news for Netflix, it remains at the center of contentious debate about the new Dave Chappelle comedy special, but at the same time, is reaping the rewards from the success of “Squid Game.”

“Netflix is a global, direct-to-consumer service which enables creators to reach broader audiences — and gives our members an even greater choice of stories to enjoy,” the company said to investors on Tuesday. “There is no better example of this than ‘Squid Game.’”

“Squid Game” proved to be the “biggest-ever series at launch,” with over 142 million member households tuning in to watch the show during the first month of its release.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related


Jury seated, openings next in Josh Duggar's child porn trial

The Associated PressFILE – This undated photo provided by the Washington County (Ark.) Jail shows Joshua Duggar. A federal judge says no phones, laptops or recording devices will be allowed ... Read more »

Hitman 3 Holiday Hoarders Silent Assassin guide

© Provided by GamePur Holiday Hoarders is a Christmas-themed mission set in a revamped version of the Paris location. In it, you are tasked with killing Harry and Marv, two ... Read more »

Omicron worries continue to drag Philippine shares

© Ted Aljibe/AFP Philippine share prices continued to bleed on Wednesday, by over three percent, fueled by investors’ flight from the local bourse in light of concerns over the Omicron ... Read more »

Philippines says COVID variants highlight need for local vaccine development

© Provided by Interaksyon MANILA — New coronavirus variants highlight the need for countries to do their own research and development on COVID-19 vaccines, said a senior Philippines trade official, ... Read more »

I'm a wedding planner. Here are all of the trends that are going in and out of style.

© Provided by INSIDER Some old wedding traditions are falling out of favor. Bogdan Sonjachnyj/Shutterstock; AS project/Shutterstock I’m a wedding planner, and I see ceremony and reception trends go in ... Read more »

Half of relatives refused money from Travis Scott for funeral

Scott had offered to pay for the funerals. The lawyer for 14-year-old John Hilgert, one of the visitors who died in jeopardy during the event last month, calls the gesture ... Read more »

Hawkeye's third episode delivers the archery action we wanted

A still from Hawkeye Episode 3 (Marvel Studios/Disney+) Yahoo Entertainment's editors are committed to independently selecting wonderful products at great prices for you. We may receive a share from purchases ... Read more »

Bad Bunny most-streamed artist on Spotify for second year running

Photograph: Rob Latour/Rex/Shutterstock The Puerto Rican star beats Taylor Swift and Drake, while Olivia Rodrigo continues meteoric rise as Spotify and Apple Music announce stats Spotify and Apple Music, the ... Read more »

WW2 bomb blows up in Munich, wounding three

© Getty Images The bomb exploded on a construction site close to the Donnersberger bridge (file pic) Three people were hurt, one seriously, when a World War Two bomb blew ... Read more »

R&B star Trey Songz investigated over sexual assault allegation

Las Vegas police confirm that star is cooperating following complaint, and has not been arrested R&B star Trey Songz is being investigated by Las Vegas police, following allegations of sexual ... Read more »

Wednesday Links: FC Dallas makes roster moves for 2022, New England stumbles in playoffs

© Jerome Miron-USA TODAY Sports The offseason is finally taking shape here for FC Dallas as we learned the roster moves and potential coaching hire all in one day on ... Read more »

Trent Alexander-Arnold and Liverpool Look Forward to “Hostile” Goodison Park

© Photo by John Powell/Liverpool FC via Getty Images Liverpool are set to face Everton for the first time in this season in a mid-week match under the lights at ... Read more »

CHED says lack of vaccinators, delays hamper 100% vaccination target

CHED logo CHED building CHED thumbnail The Commission on Higher Education (CHED) on Wednesday admitted that achieving the 100% vaccination target for teachers and learners will be difficult due to ... Read more »

Videoland comes with Special Forces VIPS including Giel Beelen and Dave Roelvink

Videoland will launch a new program from December 19: Special Forces VIPS. In it, ten well-known Dutchmen, including Dave Roelvink and Giel Beelen, participate in a tough training by the ... Read more »

House OKs on 2nd reading bill requiring SIM card registration

© ETIENNE LAURENT / AFP SIM card thumbnail The House of Representatives on Wednesday approved on second reading the measure requiring the registration of SIM cards. In a voice vote, ... Read more »

Norris: Ricciardo can strike back when things click at McLaren F1

© Mark Sutton / Motorsport Images Lando Norris, McLaren MCL35M Daniel Ricciardo, McLaren MCL35M Driver’s parade Despite being beaten by Ricciardo to McLaren’s only win of the campaign so far ... Read more »

Unvaccinated on-site workers to pay for RT-PCR tests under IATF new policy —Concepcion

Presidential adviser Joey Concepcion on Kapihan sa Manila Bay Nov. 3, 2021 Unvaccinated employees working on-site will be required to undergo and shoulder the cost of their RT-PCR tests every ... Read more »

How to unlock Sage in Final Fantasy XIV's Endwalker

© Provided by Dot Esports Most players are eager to test out all new features the upcoming Final Fantasy XIV expansion Endwalker is going to offer, and healer mains are in ... Read more »

Colorado Paper Apologizes For The Embarrassment That Is Boebert In Stinging Editorial

The Denver Post editorial board did what Rep. Lauren Boebert (R-Colo.) has so far refused to do: It offered a sincere apology to Rep. Ilhan Omar (D-Minn.). The newspaper has ... Read more »

6 private armed groups, terror organizations under police watch

PHILIPPINE National Police Chief Gen. Dionardo Carlos on Wednesday disclosed that they were currently monitoring six active Private Armed Groups (PAGS) and other terrorist organizations that may pose a threat ... Read more »

The Gucci family releases a statement saying 'House of Gucci' film is 'anything but accurate'

The Gucci family is not pleased with the depiction of their relatives in the new film “House of Gucci.” In a statement issued this week, they said the narrative is ... Read more »

Police are investigating Trey Songz after receiving a sexual assault complaint

LAS VEGAS — Police said Tuesday they’re investigating sexual assault allegations involving R&B artist Trey Songz at a Las Vegas Strip hotel. In a statement, Las Vegas police said sex ... Read more »

'Jeopardy' contestant Amy Schneider wants to 'send a positive message to the nerdy trans girl'

Amy Schneider continues to make waves on “Jeopardy!” The engineering manager from Oakland, California, became the first openly transgender contestant to qualify for a spot in the next tournament of ... Read more »

5 Langkah Penting untuk Bangun Kebiasaan Hidup yang Baik

LIFESTYLE 5 Langkah Penting untuk Bangun Kebiasaan Hidup yang Baik Membangun kebiasaan yang baik tidak mudah dan membutuhkan usaha, serta wawasan yang lebih luas. Beruntung, ada tips yang bisa dicoba… ... Read more »

We Absolutely Love the ~Wholesome~ Friendship of Esnyr Ranollo, Angelina Cruz, and Belle Mariano

© Provided by Candy ICYDK, Love is Color Blind, the follow-up project to Belle Mariano and Donny Pangilinan‘s wildly successful debut series He’s Into Her, will be released on December ... Read more »

3 travelers from South Africa under quarantine in Negros Occidental

Syringes with needles are seen in front of a displayed stock graph and words “Omicron SARS-CoV-2” in this illustration taken, November 27, 2021. REUTERS/ Dado Ruvic/ Illustration Three travelers who ... Read more »

Online petition asking journalists to ‘stop interviewing Will and Jada Smith' racks up over 2,000 signatures

Online petition asking journalists to ‘stop interviewing Will and Jada Smith’ racks up over 2,000 signatures A petition has been launched which urges journalists to “stop interviewing” Will and ... Read more »

Hundreds of NYC jailers face suspension over vaccine mandate

© Provided by Associated Press FILE – New York Mayor Bill de Blasio speaks at the opening of a Broadway COVID-19 vaccination site in Times Square, April 12, 2021, in ... Read more »

Donald Trump accused Meghan Markle of using Prince Harry and said he wasn't a fan of hers 'from day one'

© Provided by INSIDER Donald Trump said he hasn’t been “a fan” of Markle since day one. Chris Jackson/Getty Images, Chip Somodevilla/Getty Images Former President Donald Trump accused Meghan Markle ... Read more »

Omicron covid-19 variant confirmed in ROI

© Getty Images A case of the Omicron Covid-19 variant has been confirmed in the Republic of Ireland. The case is associated with travel from one of the countries where ... Read more »

Julian Bird to step down as CEO of Solt and UK Theatre

Julian Bird has announced he is stepping down as chief executive of the Society of London Theatre (Solt) and UK Theatre after more than a decade in the role. He ... Read more »

Wheeler Dealer Radio: Playing ketchup

© Photo by Smith Collection/Gado/Getty Images Thanksgiving Day is usually a memorable one for Tottenham Hotspur fans, as they’ve played their fair share of European matches on Turkey Day. Not ... Read more »

Adelaide Zoo's Sumatran Tiger Passes Health Check

Adelaide Zoo’s Sumatran tiger was put under general anesthetic for a health check, footage released on December 1 shows. A team carried out the health check at the facility’s Animal ... Read more »

On This Day: 1 December 2009

In 2009, Clint Eastwood was honored by the Museum of the Moving Image in New York. (Dec. 1) Read more »

7 Things to Know About KD Estrada

© Provided by Candy If you’ve been keeping an eye out for the next generation of stars on social media, then you might have chanced upon Gen Z singer KD ... Read more »

Myanmar army helicopter attacks ‘force thousands to flee'

© Provided by Al Jazeera Anti-coup protesters in Monywa, Sagaing region, taking part in a demonstration in April [File: AFP] Thousands of civilians have fled their homes due to attacks ... Read more »

Kate Middleton Is Hosting a Special Holiday Event Next Month — and the Invitations Are Ready!

Catherine Duchess of Cambridge ‘No Time To Die’ World Premiere, Royal Albert Hall, London, UK – 28 Sep 2021 Shutterstock Kate Middleton Kate Middleton is honoring the heroes of the ... Read more »

Cat steals show at last leg of National COVID-19 Vaccination Day in Manila

© Provided by Interaksyon A feline became the star of the show after it was photographed lying comfortably in one of the seats allotted for those who are supposed to ... Read more »

Introduce day eight PCR tests for all returning travellers to combat omicron, Sage urges No 10

Boris Johnson – Paul Grover/Getty Images Sage scientists are advising the Government to introduce day eight PCR testing for all arrivals to the UK to counter the omicron variant, leaked ... Read more »

'It's Flappy Time!': Rescued Baby Bat Can't Stop Wriggling

A rescued baby bat simply couldn’t stop wriggling around in her carer’s hand in Rochedale South, Queensland, footage shared online shows. The footage was posted by Denise Wade, who has ... Read more »
On you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic