Netflix has announced its financial results for Q3 of 2019, the company had revenue of $5.2 billion, this has increased 31% over the previous year.
The company also announced that it now has 158 million paid subscribers this is up 21% on the previous year.
In Q3’19, average streaming paid memberships and ARPU grew 22% and 9% year over year, respectively.Excluding a -$137m year over year impact from F/X, consolidated revenue growth was 35%, whilestreaming ARPU growth was 12%. Operating margin of 18.7% (up 670 bps year over year) was above ourguidance due to timing of content and marketing spend, which will be more weighted to Q4’19. EPSamounted to $1.47 vs. $0.89 and included a $171 million non-cash unrealized gain from F/Xremeasurement on our Euro denominated debt. Our Euro bonds provide us with a small natural hedgefor our growing European revenues.
You can find out more details about the company’s financial results for Q3 of 2019 over at their website at the link below.
Source Netflix (PDF)
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