Netflix Surges 16% Post Earnings!

BATS:NFLX   Netflix, Inc.
Netflix's stock surged 16% due to a 70% spike in subscribers for its new ad-supported tier, adding over 8 million users.

This pushed the global subscriber count to 247 million, marking the largest growth since Q2 2020, a period influenced by pandemic-driven home entertainment demand.

Financially, Q3 earnings exceeded expectations: projected at $3.49, they reached $3.73.

Although the stock previously neared a concerning $300, positive earnings pushed it back up past the $400 level.

Yet, a challenge remains: breaking the $423 resistance level from June 2018.

Still, with a 7% rise in October and a 37% annual increase, the outlook remains optimistic.

Join Our Private Community

Plus Get Our Ultimate Stock Market Blueprint.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.