Netflix Q3 revenue rises 12% to $12.87B, net income up 44%; stock falls 4%

Netflix reported third-quarter revenue of $12.87 billion, up 12% year over year and in line with analyst estimates. Net income jumped 44% to $3.66 billion due to the timing of expenses, while NFLX shares dropped more than 4% after hours.

• Q3 revenue: $12.87B, up 12% YoY, matching estimates
• Net income: $3.66B, up 44% on expense timing
• Netflix stock fell more than 4% after hours