Netflix just released its earnings report for the third quarter, and announced that it had 53.1 million global members at the end of Q3. That means they’ve added roughly 3.1 million since last quarter. 37.22 million of its members are in the U.S. The company expects to add 4 million more in Q4.
Revenue was $1.22 billion. Here’s an overview of the financials.
In a letter to shareholders, CEO Reed Hastings and CFO David Wells talked about the company's original content slate, multi-territory TV licensing, net neutrality, and HBO's plans to offer a standalone service.
They say that since Netflix and HBO offer different content, they believe both services will prosper. They're probably right.
Netflix's DVD business still has six million members, and added $89 million in contribution profit during Q3. The company expects close to the same in Q4.
Netflix is in production on nine new Netflix original series around the world, and has more original documentaries, comedy specials, and original films on the way, not to mention new kids series.
Image via Netflix