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Netflix shares surge 11% due to better-than-expected Q3 earnings, with ad-supported memberships growing 35%.
Netflix shares rose 11% on Friday following a strong Q3 earnings report that exceeded expectations in earnings, revenue, and paid memberships.
Notably, the ad-supported membership tier saw a 35% increase in subscribers, making up 50% of new sign-ups.
This growth reflects Netflix's ability to attract new customers and enhance advertising revenue, indicating its continued dominance in the streaming market and making its stock appealing to investors.
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Las acciones de Netflix suben un 11% debido a unas ganancias del tercer trimestre mejores de lo esperado, con un crecimiento del 35% en las membresías con publicidad.