Getty
Netflix on Tuesday posted quarterly earnings that crushed Wall Street's expectations thanks to its best ever third-quarter subscriber growth.
Netflix on Tuesday posted quarterly earnings that crushed Wall Street's expectations thanks to its best ever third-quarter subscriber growth.
The video-streaming giant earned $0.89 per share , 30% above what Wall Street analysts had expected.
Meanwhile, it added 7 million new subscribers in the third quarter, well above the 5.3 million subscriber additions it reeled in at this time last year and the 5 million expected by analysts.
The tech giant said it will add 9.4 million subscribers in the fourth quarter, up from the 8.33 million it added in the holiday period last year.
Nearly every analyst was impressed by Netflix's subscriber growth, especially in overseas markets. But they have mixed opinions on how Netflix's spending on original content will impact its profitability.
Here's what Wall Street is saying about the record quarter: