Netflix reported a 35% year-on-year increase in revenues, on a constant currency basis, for the third quarter of 2019 to 5.2 billion US dollars. The company forecast revenue of 5.4 billion dollars for the fourth quarter, which would represent a year-on-year increase of 30%.
Netflix said it added 6.8 million paying subscribers in the third quarter, while its ARPU (average revenue per user) was up 12% on a constant currency basis. Netflix added that it is spending approximately 10 billion dollars of "P&L spend" on content and approximately 15 billion in cash on content in 2019. Source: Netflix statement