Netflix shares jump 5% in premarket after third-quarter earnings beat

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shares jump 5% in premarket after third-quarter earnings beat

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shares jumped Friday after the media streaming giant reported third-quarter earnings and revenue that beat expectations.

Shares of

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were up 5.4% in U.S. premarket trading as of 4:39 a.m. ET.

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reported earnings per share of $5.40 for the three-month ******* ending Sept. 30, surpassing the $5.12 LSEG consensus estimate. Revenues also beat expectations, coming in at $9.83 billion, above the $9.77 billion anticipated by analysts.

Crucially,

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saw momentum in its ad-supported membership tier, which jumped 35% quarter-over-quarter. While

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doesn’t expect ads to become its primary growth drive until 2026, it said the ad-tier accounted for over 50% of sign-ups in the third-quarter in countries where it’s available.

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#shares #jump #premarket #thirdquarter #earnings #beat

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