Netflix Shares Rise In Premarket Trading After Reporting Q3 Earnings, Beating Estimates.

Netflix Shares Rise In Premarket Trading After Reporting Q3 Earnings, Beating Estimates.

Netflix shares climbed in premarket trading Friday after the company reported strong third-quarter earnings and provided an optimistic fourth-quarter outlook. Netflix exceeded earnings and revenue expectations for the recent quarter, surpassing analyst projections. The streaming giant saw significant growth in its ad-supported membership tier, which rose 35 quarter-over-quarter. Netflix expects ads to drive revenue primarily in 2026.


User: Benzinga

Views: 263

Uploaded: 2024-10-18

Duration: 00:32