Reported about 1 month ago
Netflix exceeded analysts' expectations in its third-quarter results, with earnings per share of $5.40 and revenue of $9.83 billion. The company added over 5 million subscribers, outperforming estimates. Analysts suggest that with Netflix's strong performance and revenue growth, a price hike is overdue to sustain its premium valuation, although careful implementation will be essential to balance subscriber and revenue growth.
Source: YAHOO