“Netflix stock surges 13% as profit beats expectations, ad-tier subscriptions rise”
October 19, 2023
“Netflix shares surged Thursday morning, after the company reported a boost in subscriber growth driven by a password-sharing crackdown efforts and interest in its new ad-supported tier.
The streaming giant said after the market closed Wednesday that it had added 8.76 million global subscribers during the quarter, higher than 5.49 million Wall Street had expected, according to estimates from Street Account. It’s the biggest quarterly net add total for the company since it added 10.1 million subscribers in the second quarter of 2020 – when Covid restrictions kept people home…”
https://www.cnbc.com/2023/10/18/netflix-nflx-earnings-q3-2023.html