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Netflix Soars 20% As Subscribers Smash Expectations But Cash Burn Explodes

Monday, October 17, 2016 19:46
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(Before It's News)

zerohedge.com / by Tyler Durden / Oct 17, 2016 4:18 PM

There was some long overdue good news for Netflix longs, when moments ago NFLX reported that in Q3 revenue and EPS of $2.29 billion and $0.12 beat expectations of $2.28 billion and $0.06 respectively. But the reason why the stock is surging 20% after hours is because the growth appears to be back as a result of a surge in Q3 streaming subscribers, which jumped by370K domestically and 3.2million internationally, far above the 300K and 2.0 million expected.

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The post Netflix Soars 20% As Subscribers Smash Expectations But Cash Burn Explodes appeared first on Silver For The People.

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