Diamond Member Pelican Press 0 Posted October 18, 2024 Diamond Member Share Posted October 18, 2024 This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up shares jump 5% in premarket after third-quarter earnings beat This is the hidden content, please Sign In or Sign Up logo is screened on a mobile phone for illustration photo. Krakow, Poland on October 17th, 2024. Beata Zawrzel | Nurphoto | Getty Images This is the hidden content, please Sign In or Sign Up shares jumped Friday after the media streaming giant reported third-quarter earnings and revenue that beat expectations. Shares of This is the hidden content, please Sign In or Sign Up were up 5.4% in U.S. premarket trading as of 4:39 a.m. ET. This is the hidden content, please Sign In or Sign Up 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, This is the hidden content, please Sign In or Sign Up saw momentum in its ad-supported membership tier, which jumped 35% quarter-over-quarter. While This is the hidden content, please Sign In or Sign Up 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. This breaking news story is being updated. This is the hidden content, please Sign In or Sign Up # This is the hidden content, please Sign In or Sign Up #shares #jump #premarket #thirdquarter #earnings #beat This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/149411-netflix-shares-jump-5-in-premarket-after-third-quarter-earnings-beat/ Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.