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Netflix Adds 5.1M Subscribers, Beating Wall Street Forecasts
Netflix delivered mixed third-quarter results, beating Wall Street estimates for earnings per share and subscribers but falling short on revenue.
Netflix delivered a mixed set of third-quarter results, beating Wall Street estimates for earnings per share and subscriber growth but falling short on revenue. Investors have already been scrutinizing the subscriber trajectory and looking to see if price hikes and the introduction of paid password sharing and advertising can offset the flattening of the customer curve. Since May 2022, a low point for the company as it reported back-to-back quarters of subscriber declines and appeared to be succumbing to pressure from new streaming rivals, shares have roared ahead by 340%.
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