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 is trading higher today after it beat both revenue and EPS estimates while its net subscriber count was in line with estimates.

Netflix shares powered higher into the close of Friday trading, notching their biggest single-day gain in a year, following a solid set of third quarter earnings and a host of Wall Street price target changes for streaming media giant.

Earnings are important, and investors will keep focusing hard on revenue and profit as long as Netflix is a publicly traded company. However, Netflix will be making a little-discu

The company suffered a setback as the pandemic wound down -- subscribers briefly dipped and profits fell -- but Netflix has adapted to the new streaming landscape and is thriving once again, even as its legacy media competitors continue to fall flat.

Netflix NFLX has once again proven its mettle in the streaming wars, delivering a stellar third-quarter 2024 performance that cements its position as the industry leader. The company's impressive earnings beat and raised guidance make it a compelling case for investors looking to capitalize on the growing digital entertainment market.