Netflix Reports 11.8% Q3 Revenue Growth and 87 Cents Per Share

Netflix recorded $12.874 billion in revenue for the quarter ended Sept. 30, an 11.8% increase from a year earlier. Diluted earnings were 87 cents per share, and operating margin was 34.6%.

“Q3 revenue grew 12% year over year (11% on a F/X neutral basis) to $12.9B, consistent with our forecast,” Netflix said in its Oct. 20 shareholder letter. The quoted growth rate is rounded; the company’s reported figure was 11.8%.

Netflix projected fourth-quarter revenue of $13.442 billion, up 11.5% year over year.