Netflix third-quarter subscribers barely beat estimates as ad-tier members jump 35%

Source: CNBC

“Netflix posted third-quarter earnings Thursday that beat on the top and bottom lines as its advertising business continued to grow. The streamer’s ad-tier memberships jumped 35% quarter over quarter. The company is on track to launch the service in Canada in the coming quarter and more broadly in 2025. … Netflix added 5.1 million subscribers during the quarter, more than the 4.5 million Wall Street expected, according to StreetAccount estimates. In total, the streaming service now has 282.7 million memberships across all of its pricing tiers.” (10/17/24)

https://www.cnbc.com/2024/10/17/netflix-nflx-earnings-q3-2024.html