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Netflix Crushes Q3 U.S. and International Streaming Subscriber Estimates

Ryan McQueeney
Updated
Netflix's actual reported total of 109.25 million streaming subscribers was well ahead of our estimate of 108.41 million streaming subscribers worldwide.

Q3 earnings season is officially here, and reports from our favorite consumer brands are starting to pour in. One of this week’s most highly anticipated earnings reports is that of video streaming giant Netflix NFLX, which was just released after Monday’s closing bell.

Netflix has declared this the fiscal year of margin expansion and international revenue growth, but investors have been reluctant to move past the company’s traditional measuring stick: streaming subscribers growth.

Luckily, we can use our exclusive non-financial metrics estimates file to gauge how Netflix performed in this key category. These estimates are updated daily and are based on the independent research of expert stock analysts. Learn more here >>>

To put Netflix’s Q3 results in context, investor should remember how the company performed in the most recent quarter.

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At the end of Q2, the video streaming platform had about 51.92 million domestic streaming subscribers and 52.03 million international subscribers, smashing our consensus estimates of 51.49 million and 50.49 million, respectively. Netflix had nearly 104 million total streaming members, which was well ahead of our 102 million consensus estimate.

According to Netflix’s just-released earnings report, the company had 52.77 million total domestic streaming members and 56.48 million total international members at the end of the third quarter. Headed into today, our non-financial consensus estimates were calling for Netflix to report total domestic streaming subscribers of 52.70 million and total international subscribers of 55.71 million.

Overall, Netflix’s actual reported total of 109.25 million streaming subscribers was well ahead of our estimate of 108.41 million streaming subscribers worldwide. The company also said that it expects to have 115.55 million total streaming subscribers by the end of the fourth quarter.

Following the release of the report, Netflix shares are about 2% in after-hours trading. Make sure to check back here for our full analysis of Netflix’s latest results!

Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

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Netflix, Inc. (NFLX) : Free Stock Analysis Report
 
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