Early Thursday morning Beijing time$Netflix Inc (NFLX.US) $The third quarter of 2019 results were released. Judging from the financial results, Netflix Inc's net profit in the third quarter greatly exceeded expectations, with a net profit of 665 million US dollars during the period, and a market expectation of 474 million US dollars, compared with 402.8 million US dollars in the same period last year. Earnings per share were $1.47, compared with market expectations of $1.05, compared with $0.89 a year earlier. Third-quarter revenue rose 31 per cent year-on-year to $5.24 billion, with the market expecting $5.25 billion.

Netflix Inc's share price, which rose more than 10 per cent in after-hours trading, was boosted by the results. As of press time, it rose 9.86% to US $314.5 per share.

According to the financial report, in the third quarter, the average paying member and the average income per user increased by 22% and 9% respectively compared with the same period last year. Excluding the impact of the exchange rate, the company's consolidated revenue growth increased by 35% compared with the same period last year. Operating margin was 18.7 per cent (up 670 basis points from a year earlier), higher than the previous profit guidance.

Netflix Inc's revenue is almost in line with market expectations, but the company's net additional paying users are slightly lower than the market's estimated size of 7 million paying users. However, this third quarter was the third quarter with the largest number of net additional paying users in Netflix Inc's history, up 12% from a year earlier to 6.8 million.

Broken down by region, Netflix Inc's net additional paying users in the United States were 500000, lower than the expected 800000. In the nine months from the beginning of the year to the third quarter, the number of net additional paying users in the United States was 2.1 million, compared with 4.1 million in the same period last year. Netflix Inc said that due to the company's increase in monthly subscription fees earlier this year, the growth rate of subscribers has not yet returned to before the price increase. However, with the growth of average revenue per user in the United States, the growth rate of corporate revenue has not been affected.

The international net increase in paying users in the third quarter was 6.3 million, an increase of 23% from 5.1 million in the same period last year, and slightly higher than the previous forecast of 6.2 million.

In addition, Netflix Inc expects fourth-quarter revenue of 5.44 billion US dollars, while the market expects 5.51 billion US dollars. The company expects fourth-quarter earnings of 51 cents a share, while the market expects 82 cents. As before, the company again expects a net increase of 7 million in global subscribers and a market forecast of 8.04 million.