Netflix hits record stock high after reporting strong Q3 earnings and 70M ad-supported users.

Institutional investors and insiders have been actively trading Netflix shares, with some buying and others selling. Netflix reported strong third-quarter earnings of $5.40 per share and revenue of $9.82 billion, both surpassing analyst estimates. The stock hit a new record high after reporting 70 million monthly active users for its ad-supported service. Despite facing competition, Netflix's global reach and content production continue to be strong.

November 12, 2024
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