Mark Zagorski, DoubleVerify CEO, joins 'Closing Bell Overtime' to talk Netflix earnings and how its ad-tier is performing.
Ben Silverman, Propagate Content Chairman & Co-CEO, joins 'Closing Bell Overtime' to talk Netflix earnings.
Netflix adds 5.1M subscribers, beating Q3 expectations with $9.83B revenue, boosting shares 4%, while TSMC's 54% profit surge on AI demand sends stock up 10%. Elevance Health drops 10% after Q3 earnings miss.
Netflix is working to increase revenue from its new ad-supported plans but has said it does not expect advertising to become a primary growth driver until 2026.
Netflix (NFLX) reported third-quarter results that topped analysts' estimates on the top and bottom lines, sending shares higher after the bell Thursday.
Netflix shares are up close to 4% in after-market trading as the company's third-quarter numbers beat on the bottom line and subscriber numbers – which the streamer will not routinely release on a quarterly basis starting next year.
Internet television network Netflix beat Wall Street's targets for Q3 and guided above views for the current period.
Netflix added more than 5 million customers in the third quarter and sales grew 15% to $9.83 billion, while earnings increased to $5.40 a share. Analysts were predicting Netflix would add 4.52 million subscribers.
After cracking down on password sharing, expanding into ads and investing billions in live TV, group declares success
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Netflix Inc (NASDAQ:NFLX, ETR:NFC) reported third-quarter results that exceeded Wall Street's expectations across key financial metrics, adding 5.07 million subscribers and driving a 15% year-over-year revenue growth. The streaming giant posted earnings per share (EPS) of $5.40, surpassing analysts' forecasts of $5.12, while revenue reached $9.83 billion, slightly above the projected $9.77 billion.
Streaming giant Netflix Inc NFLX reported third-quarter financial results after market close Thursday.