Netflix earnings, subscriber growth top estimates as investors eye potential price hikes

Published On Oct 17, 2024, 4:08 PM

Netflix's third-quarter earnings report showed better-than-expected results, with revenue hitting $9.83 billion, surpassing estimates. The company also added 5.07 million subscribers, exceeding expectations and indicating strong demand for its content. Analysts expect potential price hikes that could further boost revenue. The company's positive outlook for the fourth quarter and beyond suggests ongoing growth in subscribers and revenue, despite concerns about viewer engagement levels that may impact pricing power.

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Netflix's positive performance and potential for price increases make it a strong candidate for investment. The company's ability to add subscribers and generate revenue growth from its ad-supported tier are positive indicators for future performance. However, investors should note the stock is already near record highs, which could lead to market volatility if growth slows down.

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