SAN FRANCISCO, Oct. 16 (Xinhua) -- U.S. online streaming giant Netflix Inc. said Wednesday that its revenue rose to 5.2 billion U.S. dollars in the third quarter of 2019, up 31 percent year-on-year.
The company said it added 6.8 million paid users across the globe in the third quarter, increasing 12 percent year-over-year, which hit an all-time Q3 record. The figure was above the forecast of 6 million projected by Wall Street analysts.
During the three-month period from July to September, the company's average streaming paid memberships and average revenue per user grew 22 percent and 9 percent year-on-year respectively, it said.
Netflix has a total of 158 million paid subscribers in more than 190 countries and regions.
The gains for the quarter represented a recovery from the second quarter when Netflix witnessed a loss in customers at home, its largest single market, for the first time since 2011.
The Los Gatos, California-based media company posted net earnings of 1.47 dollars per share, or 665 million dollars, compared to 0.89 dollar per share during the same period of last year.
"We've improved the variety, diversity and quality of our content slate, member engagement has grown, revenue has increased, and we're able to further fund our content investment," said the company in its Q3 earnings report.
For the fourth quarter, Netflix expects its revenue to increase 30 percent year-on-year and hopes to add a total of 7.6 million global subscribers.
