Reported about 1 month ago
Netflix's stock rose after the company exceeded third-quarter earnings and revenue forecasts, adding over 5 million subscribers and increasing guidance for the upcoming quarter. The company reported revenue of $9.83 billion, a 15% increase year-over-year, and projected fourth-quarter revenue to reach $10.13 billion. With pressure from a competitive streaming market, analysts foresee potential price hikes and continued growth, supported by popular content and a growing ad-supported model.
Source: YAHOO