Netflix now has more paying subscribers in the U.S. than HBO.
Netflix printed in its third quarter revenue file that it had 29.9 million paid subscribers as of the end of September, up from 28.6 million at the end of June. By comparison, Bloomberg experiences that HBO has 28.7 million, in step with SNL Kagan, a researcher.
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In total, Netflix suggested having 40 million Participants, up from less than 30 million a yr prior. Roughly 37 million of those Participants are paid subscribers.
Netflix’s subscriber growth of 1.3 million domestically and 1.4 million out of the country were considerably better than Wall Side Road estimates of 1.1 million and 950,000 new subscribers, respectively. Likewise, Netflix report salary per share of $0.Fifty Two on earnings of $1.Eleven billion, which beat Wall Boulevard’s estimates for earnings per share of $0.Forty Nine on revenue of $1.1 billion.
The Company’s inventory shot up By Using greater than 10% in after hours buying and selling following the document, closing in on $Four Hundred a share.
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