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.

October 21, 2024
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