The company added 8.8 million subscribers after its crackdown on password sharing and cheaper, ad-supported platform.
Published 12 mins agoNetflix shares rose nearly 14% in premarket trade early Wednesday after its third-quarter results beat expectations.
The streaming platform added 8.8 million subscribers, the best performance since the height of the pandemic. shares were sharply higher in premarket trade early Thursday, after the streaming platform beat Wall Street estimates in its third-quarter results.of 8.8 million, well ahead of expectations and marking the biggest quarterly growth since the second quarter of 2020. The firm also said it expected an operating margin of 20% for the full-year 2023, at the top end of the company's prior guidance.
Third-quarter rvenue came in at $8.542 billion, representing year-on-year growth of 7.8%. Net income rose to $1.677 billion from $1.398 billion the prior year.
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