India, Oct. 20 -- Netflix, Inc. (NFLX) on Tuesday reported a 44 percent increase in profit for the third quarter, reflecting strong revenue growth and improved operating profitability.
Net income for the quarter rose to $3.66 billion, or $0.87 per share, from $2.55 billion, or $0.59 per share, in the year-ago quarter.
Revenue increased 11.8 percent to $12.87 billion from $11.51 billion a year earlier. Revenue growth was driven primarily by subscription revenue, reflecting membership and pricing increases, higher advertising revenue and favorable foreign exchange movements.
Operating income climbed 37.3 percent to $4.46 billion from $3.25 billion last year. Operating margin expanded to 34.6 percent from 28.2 percent.
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