Netflix says everyone loves Stranger Things and Narcos, and investors love Netflix (again)

You liked Stranger Things? Narcos, too?

So does everyone, Netflix says: It said those two shows, along with other stuff Netflix is now producing for itself, drove subscriber numbers above expectations in Q3. Now Wall Street likes Netflix, and its stock is up nearly 19 percent.

This is a big turnaround from last quarter, when Netflix blew its numbers, and apologized to investors for doing so. Netflix says it is feeling good about Q4, too, and is offering subscriber estimates well above Wall Street estimates.

If you care about the numbers you have probably already checked in with Netflix IR, but for the record: Netflix added 400,000 members in the U.S. last quarter, and 3.2 million in the rest of the world. Three months ago, it told Wall Street it was aiming for 300,000 and 2 million, respectively.

Netflix thinks it will add 1.45 million subs in the U.S., and another 3.75 million internationally; Wall Street was thinking it would say 1.3 million and 3.3 million.

And while Netflix’s critics like to point out that it doesn’t make money, it did eke out a (very) modest profit of $51.5 million, and generated earnings of 12 cents per share - double what Wall Street thought.


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