Netflix stock secures fresh record after earnings, subscriber growth top estimates

Published On Oct 18, 2024, 4:14 PM

Netflix reported better-than-expected earnings and subscriber growth, resulting in a new record for its stock price. The company's performance has exceeded market expectations, boosting confidence among investors regarding its growth trajectory.

Stock Forecasts

Strong subscriber growth combined with impressive earnings indicates positive momentum for Netflix, suggesting that the stock could continue to rise as investor sentiment remains favorable and potential future growth is anticipated.

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Netflix stock is rising after the streaming giant beat third quarter EPS and revenue estimates. Here's what to know.

The major gauges are on track for a sixth weekly win in a row after a strong start to earnings season.