Netflix’s third-quarter results are in, and so are the first Wall Street verdicts on what they mean for the streaming giant and its stock. Most experts had headed into the earnings report with a bullish mindset despite some warnings that the company’s increased market value may require some patience before a further stock run-up.
Led by co-CEOs Ted Sarandos and Greg Peters and executive chairman Reed Hastings, Netflix ended September with 282.72 million global subscribers. As forecast, quarterly net additions of 5.07 million came in below the year-ago period when it had added 8.76 million.
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The original content launched on the streamer in the third quarter included Emily in Paris season 4, The Perfect Couple, Beverly Hills Cop: Axel F, A Good Girl’s Guide to Murder, and the fourth and final season of The Umbrella Academy.
And for the current fourth quarter, management late Thursday touted: “We’re
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