According to Futu News on October 21,Netflix announced financial results for the third quarter of 2020. The financial report shows:

• Q3 revenue was 6.44 billion US dollars, exceeding expectations of 6.398 billion US dollars;

• Q3Net profit of US$789 million, falling short of expectations of US$971 million;

• Q3Earnings per share were $1.74, and the market expected $2.13, compared to $1.47 in the same period last year.

Notably, the net increase in streaming subscribers in the third quarter was 2.2 million, falling short of market expectations. The previous two consecutive quarters had broken through the 10 million mark due to the impact of health incidents. The company's free cash flow rose to a record $1,145 million at the end of the third quarter.

Netflix expects the company's earnings per share for the fourth quarter to be 1.35 US dollars, with market expectations of 0.97 US dollars; fourth quarter revenue of 6.57 billion US dollars, market expectations of 6.59 billion US dollars; the number of paying users in the fourth quarter will increase by 6 million, and market expectations will increase by 6.54 million.

Netflix fell nearly 6% after trading.