Netflix reported third-quarter revenue of $9.8bn, up 21% when ignoring currency moves. That was helped by the 5.1mn net new paid subscribers, which was down from the 8.8mn added in the same period last year but better than the 4.5mn markets were expecting.
Operating income rose 52% to $2.9bn, with margins imprioving from 22% to 30% - both better than expected.
Free cash flow rose 16% from last year to $2.2bn, and net debt moved from $7.4bn to $6.8bn over the quarter.
For the fourth quarter, revenue is expected to grow 15% (or 17% if ignoring currency moves), with net new paid subscribers to be higher than the quarter just ended. Full-year revenue is now expected to grow 15% (previously 14-15%).
The shares rose 5.0% in pre-market trading.
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Netflix key facts
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