IBM’s third-quarter revenue of $14.1 billion turned a year-on-year profit

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Pinwan, October 19, according to Sina Technology, Netflix today announced its third quarter 2022 financial report. The company’s revenue for the quarter reached $7.926 billion, a year-on-year increase of 5.9%.

According to the financial report, Netflix’s net profit for the quarter reached US$1.398 billion, a year-on-year decrease of 3.5%. Earnings per share came in at $3.1, beating analyst expectations. Non-GAAP adjusted EBITDA for the third quarter was $1.77 billion. Netflix’s cost of revenue for the quarter was $4.789 billion, with marketing expenses of $568 million, technology and development expenses of $663 million, and general and administrative expenses of $373 million.

Netflix’s total global paying subscribers in the third quarter reached 223 million, a year-on-year increase of 4.5%, and the number of new service paying subscribers worldwide was 2.41 million.

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