Analysts: Netflix's Strong Q3 Puts Questions Over Its Long-Term Viability To Rest [Forbes]
AT&T Inc. (T)
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Source: Forbes
Photo by Andrew Harrer/Bloomberg. The powers that be at Netflix, and its shareholders, are sure singing a different tune today than when the streamer reported its gloomy Q2 earnings in July. Shares skyrocketed 15% after the company reported its Q3 earnings and announced it beat its own - and Wall Street's - earnings estimates. “Our broad slate of original programming helped drive a solid quarter of growth with streaming revenue increasing 36% year-over-year and global membership surpassing 130 million paid and 137 million total,” the company stated in a letter to shareholders. “We’re thrilled to be growing internet entertainment across the globe.” A far cry from its dismal Q2, which at the time, showed that though traffic worldwide had continued to grow, things stateside had slowed down. The streamer referred to its second quarter as strong but not stellar. Everyone loves a good comeback story in Hollywood, but as we all know, you're only as good as y
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