"Netflix's Q3 revenues grew 17% to $11.51 billion in line with the Street's forecast. Its impressive content line-up helped drive viewership. According to reports, KPop Demon Hunters alone added " roughly 500 million viewing hours, with another about 400 million expected in the fourth quarter." EPS of $5.87 was significantly short of the market's forecast of $6.97. Netflix no longer reports a subscriber base, but analysts believe that it continues to add viewers in non-English speaking countries."
"Netflix continues to see strong growth in the ad business and is on track to more than double ad revenues this year. Netflix Ads Suite is now fully deployed across all ads markets for a full quarter now and Netflix is already seeing growth opportunities. It recently announced an integration with Amazon's DSP globally. Amazon DSP is a technology solution that enables Amazon Ads customers to gain choice and flexibility between brands and consumers."
Netflix reported third-quarter revenue growth of 17% to $11.51 billion, in line with estimates, while EPS of $5.87 missed the market forecast of $6.97. KPop Demon Hunters added roughly 500 million viewing hours with about 400 million more expected in the fourth quarter. Netflix no longer reports subscribers, and analysts expect viewer additions in non-English markets. For the next quarter, revenue guidance is $11.96 billion and EPS guidance is $5.45, with full-year revenue expected at $45.1 billion. The ad business is accelerating, the Netflix Ads Suite is fully deployed, and a global integration with Amazon DSP will open premium inventory to DSP advertisers.
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