The company matched the Street estimate for revenue in the period ending September 30, with $8.54 billion.

That increase dwarfs the uptick of 2.4 million in the year-ago third quarter.

Significant progress has been made on both fronts.

Netflix

NetflixNetflix

Despite those positives, the letter noted the company has more work to do to scale this business.

Netflix vet Amy Reinhard was installed as Gormans replacement.

SAG-AFTRA Chief Negotiator and National Executive Director Duncan Crabtree-Ireland called that claim preposterous.

Netflix Alfred Hitchcock series

Last years full-year tally was $1.6 billion.

Content spending will total about $13 billion this year, well below initial forecasts for $17 billion.