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Netflix posts solid beats on earnings and new subscribers

Co-founder and director of Netflix Reed Hastings delivers a speech as he inaugurates the new offices of Netflix France, in Paris on January 17, 2020.

Christophe Archambault | AFP | Getty Images

Netflix shares were up more than 2% after-the-bell Tuesday after the company posted third quarter results.

  • Earnings per share (EPS): $3.19 vs $2.56 according to Refinitiv survey of analysts
  • Revenue: $7.48 billion vs $7.48 billion, according to Refinitiv
  • Global paid net subscriber additions: 4.4 million vs 3.84 million, according to StreetAccount

The quarter’s subscriber growth was a solid beat over the expected 3.84 million. Analysts had expected users to flock to the streamer as it began to roll out a slew of content that was delayed to the back half of the year.

The company said it expects to add 8.5 million subscribers in the fourth quarter.

This is a developing story. Check back for updates.

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