News Formal

Netflix Earnings: Stock Climbs As Streaming Giant Beats Expectations—But Subscriber Growth Slows

  • 📰 Forbes
  • ⏱ Reading Time:
  • 24 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 53%

Netflix News

U.S.,Cobra Kai,Reed Hastings

Lindsey Choo is a reporter and editorial fellow at Forbes. She previously wrote about technology for The Wall Street Journal, Fast Company and Politico's tech news site Protocol. She also contributed to Platformer News, a newsletter focused on the intersection of Silicon Valley and democracy.

Liam Payne Alone Before Falling From Hotel Balcony, Officials Say: Here’s What To Know About One Direction Star’s DeathNetflix beat Wall Street’s expectations on both earnings and revenue, and added 35 million paid subscribers year-over-year, sending shares of the streaming giant up in after-hours trading.Netflix reported $5.40 earnings per share and a revenue of $9.82 billion in the third quarter of 2024, ending in September 30, beating analyst consensus estimates of $5.12 and $9.

The company saw a roughly 14% jump in global subscribers to 282 million from 247 million in the third quarter of last year—though subscriber growth has slowed, as the streamer added just over 5 million paid members last quarter, compared to 8 million in the second quarter of 2024 and 8.76 million in the third quarter of 2023.Following months of strong subscriber growth , shares hit a record high of $736 last Friday, topping its previous high of $733 just a day prior.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Netflix Earnings: Could Stock Put in a Big Double-Top on the Weekly Chart?Stocks Analysis by Brian Gilmartin covering: S&P 500, Netflix Inc. Read Brian Gilmartin's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Earnings guide: Here's what to expect from the 'Mag 7' ahead of third-quarter earningsMegacap tech has powered the two-year bull market. But the stocks have come under pressure as Wall Street wonders whether they have more room to run.
Source: CNBC - 🏆 12. / 72 Read more »

US stock futures steady after Wall St logs record highs; Earnings awaitedUS stock futures steady after Wall St logs record highs; Earnings awaited
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: Asian shares are mostly higher after strong earnings boost stocks on Wall StShares are mostly higher in Asia after U.S. stocks rose following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies.
Source: ksatnews - 🏆 442. / 53 Read more »