Netflix Earnings Recap

       The streaming mammoth Netflix(NFLX) share price rose 11% in after hour trading after crushing their quarter three earnings. They reported an earning per share of $0.89, a strong beat on the expected $0.68. But that's not the reason why the stock shot up- really the big surprise was the addition of new subscribers. They crushed the 5.1 million expected new subscriptions, adding nearly 7 million users globally. This comes after the quarter two disappointment of just 4.47 million new subscribers. The stock took a 24% hit in result to the quarter two disappointment.
                             



Total revenue was up 2.35% from quarter two. 
United States revenue was up 2.32% from quarter two. 
Streaming revenue 36% year over year. 
net income was up over 300% from Q3 of last year. 

They are carrying more cash on the balance sheet, 200 million more to be exact. They now have over 3 billion in cash and cash equivalents. 
Total assets have risen 4 billion since December 31st, 2017. 

Their debt has grown with the assets- up three billion in total since December 31st, 2017. 






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