Netflix Shares Surge After Strong Q3 Earnings and Subscriber Growth

The streaming giant outperformed expectations, driven by original content and strategic expansion in Asia.

Netflix's Q3 earnings exceeded Wall Street expectations, with shares rising 11% as revenue grew by 15% to $9.83 billion.
The company added over 5 million new subscribers, primarily from Europe, the Middle East, Africa, and Asia-Pacific regions.
Analysts remain optimistic about Netflix's future, citing strong content offerings and a sustainable operating margin.
The return of popular series like 'Squid Game' and Netflix's foray into live sports are expected to boost subscriber numbers in Q4.
Netflix's ad-supported tier and crackdown on password sharing have contributed to its revenue growth, though the ad business isn't yet a major revenue source.