Netflix stock surges after earnings, subscriber growth top estimates

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Netflix stock is rising after the streaming giant beat third quarter EPS and revenue estimates. Here's what to know.

) stock jumped more than 10% higher on Friday, pushing shares to a fresh record of around $760, after the streaming giant beat third quarter EPS and revenue estimates, and projected sales for the current quarter that came in ahead of Wall Street's expectations.

For full-year 2025, the company sees revenue hitting between $43 billion and $44 billion, compared to consensus estimates of $43.4 billion. This would represent growth of 11% to 13% from the company's expected 2024 revenue guidance of $38.9 billion. Subscribers also came in strong with another 5 million-plus subscribers added on the heels of breakout programming like "The Perfect Couple" and "Nobody Wants This.""We expect paid net additions to be higher in Q4 than in Q3’24 due to normal seasonality and a strong content slate," the company said, citing upcoming releases like "Squid Game" Season 2, the Jake Paul vs. Mike Tyson fight, andand live events.

Leading up to the results, Netflix's stock had been on a tear, with shares up around 45% since the start of the year and We came across a bullish thesis on Tredegar Corporation on ValueInvesting subreddit page by Friendly-Excuse400. In this article, we will summarize the bulls’ thesis on TG. Tredegar Corporation share was trading at $8 as of Oct 17th. TG’s trailing P/E was 7.30 according to Yahoo Finance.

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