Netflix Stock Hits Record High Following Strong Q3 Earnings

The streaming giant's stock surged 11% as it surpassed earnings expectations and projected robust future growth.

Netflix reported a 41% year-over-year profit increase and a 15% revenue rise, adding 5.07 million new subscribers in Q3.
The company's ad-supported tier grew by 35% quarter over quarter, contributing significantly to new sign-ups.
Analysts have raised their price targets, citing Netflix's strong position in media and growth potential in ads, gaming, and live content.
Netflix's crackdown on password sharing and upcoming price hikes are expected to further boost revenue.
The company forecasts a 14.7% revenue increase in the fourth quarter and projects up to $44 billion in revenue for 2025.