Netflix Q3 earnings

Netflix Inc. reported impressive third-quarter earnings that surpassed Wall Street expectations, with revenue growing 15% to $9.83 billion and adding over five million new subscribers, bringing its total to approximately 282.7 million. The company's ad-supported membership model is proving successful, accounting for over 50% of sign-ups in available markets and growing 35% quarter-over-quarter. Despite the strong performance, some analysts express concern that Netflix's growth drivers, such as the crackdown on password sharing, may be reaching their peak, leading to a potential slowdown. Netflix shares rose by 3.8% following the earnings report, reflecting investor optimism amid these challenges. Looking ahead, Netflix forecasts a revenue increase of 14.7% for the fourth quarter and continues to face scrutiny over its high valuation compared to peers. Overall, the company appears to be navigating a competitive landscape while adapting its business model to sustain growth.