(Netflix) Netflix, Inc. announced an increase in the third quarter of 2021 income to $1.449 billion from $790 million recorded in the same quarter of 2020.
The company’s diluted earnings per share increased to $3.19 in the three months to September 30 from $1.74 in the corresponding period of last year.
Netflix’s net revenue increased to $7.5 billion in the third quarter of 2021, compared to $6.4 billion in the corresponding period of last year.
The streaming service company’s operating profit margin increased to 23.5% in the third quarter, from 20.4% in the same period of 2020.
Global paid net additions in the third quarter reached 4.38 million, up from 2.20 million in the prior year.
Netflix forecasts a net revenue of $7.7 billion in the fourth quarter, from $6.6 billion in the prior year. Net income is expected to be $365 million, down from $542 million in the same period.
Netflix expects that its operating margin in the fourth quarter will drop to 6.5% in comparison to 14% from the same period in the prior year.
The company forecast 8.5 million in paid net additions in the fourth quarter, from 8.51million in the prior year. The company forecast an operating margin of 20% in the full-year results.
NFLX: NASDAQ is down -1.62% on pre-market.
