Netflix reverses its subscriber slump; delivers $12.5bn revenue in Q3 2022

October 19, 2022 4:43

Netflix, Inc. (NASDAQ: NFLX) has today released its third-quarter 2022 financial results, which showed an increase of 2.4 million new subscribers worldwide – some good news for the streaming giant after its loss of paid subscribers in Q1 and Q2.

The company posted total revenue of US$7.92 billion (A$12.55 billion), slightly exceeding forecasts, up 6% year-on-year, and was driven by a 5% increase in average paid memberships, plus a 1% rise in ARM (Average Revenue per Membership).

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Emma Shepherd

Emma Shepherd was the acting deputy editor at Mumbrella who has over seven years of print and digital experience in the industry and has previously worked as a reporter for media outlets Bauer Media (now Are Media), Yahoo Australia, and a content strategist and writer for various independent marketing agencies.

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