Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.6%. Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Entertainment industry in the US.

When the company's third-quarter 2024 results were released after the market closed on Thursday, investors liked what they saw, and shares jumped 11% on Friday. After Friday's stock pop, Netflix shares ended the trading week at $763.

Netflix stock is spiking Friday after the streaming giant beat third-quarter expectations and gave an upbeat fourth-quarter outlook.

The Dow Jones Industrial Average and S&P 500 chalked up record closing highs on Friday, with the Nasdaq also in positive territory, as markets were boosted by an earnings-driven jump in Netflix shares and broader gains across technology stocks.

Netflix (NFLX) stock finished Friday's trading session 11% higher, pushing shares to a fresh record of above $760, after the streaming giant beat third quarter EPS and revenue estimates and projected sales for the current quarter that came in ahead of Wall Street's expectations.

Netflix shares rose 11% Friday on third-quarter financial results that beat expectations. Netflix with ads membership jumped 35% compared to the second quarter of 2024.

The popular streaming platform forecast higher customer sign-up rates for December as its ad-supported service drew new viewers.

Shares of Netflix climbed about 9% in early trading on Friday after a strong earnings report propelled by hit shows like "Nobody Wants This" and "The Perfect Couple." The company added about 5 million subscribers over a three-month period ending in September,