Netflix Surpasses Wall Street Expectations, Adds 5.1 Million Subscribers in Q3

Netflix exceeded Wall Street forecasts by adding 5.1 million subscribers in the third quarter, driven by the strong performance of its ad-supported service, which accounted for more than half of new sign-ups in available regions. With revenue hitting $9.825 billion and earnings per share surpassing estimates at $5.40, Netflix’s performance is trending positively. The company is now eyeing further growth with the return of Squid Game in December, alongside a strategic focus on live events and price increases in key markets like Spain and Italy. #Netflix #Streaming #SubscriberGrowth #SquidGame #AdSupportedTier