Netflix Q3 Earnings: Revenue Beats, EPS Tops, Q4 Guidance Projects Subscriber Boost From 'Squid Game,' NFL, And Boxing

Streaming giant Netflix Inc (NASDAQ:NFLX) reported third-quarter financial results after market close Thursday.

Here are the key highlights.

What Happened: Netflix reported third-quarter revenue of $9.825 billion, up 15% year-over-year. The revenue total beat a Street consensus estimate of $9.769 billion according to data from Benzinga Pro.

The company reported earnings per share of $5.40 in the third quarter, beating a Street consensus estimate of $5.12.

Netflix ended the third quarter with 282.72 million global paid subscribers, up 14.4% year-over-year. The company added 5.07 million new paid subscribers in the quarter, compared to 8.8 million net paid subscribers added in last year's third quarter.

The company said average revenue per member was flat on a year-over-year basis in the third quarter.

Revenue was up 16% year-over-year in the UCAN region. Revenue in the EMEA region was up 16% year-over-year. LATAM revenue was up 9% year-over-year.  

The company said engagement remained strong in the third quarter. Through the first nine ...