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Friday, October 18, 2024
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HomeTechNetflix rises 4.5% after beating Q3 subscriber targets

Netflix rises 4.5% after beating Q3 subscriber targets

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LONDON (Reuters) – Netflix shares listed in Frankfurt rose 4.5% in early trading on Friday, after the U.S. streaming service said new third-quarter subscribers topped Wall Street estimates by 1 million.

Netflix clocked 5.1 million new streaming subscribers in the third quarter, and said it expected higher customer growth around the holidays when Korean drama “Squid Game” returns.

Shares rose 3% in after-hours trading on Thursday, having closed the regular trading session at $687.65, down 2%.

(Reporting by Lucy Raitano; Editing by Amanda Cooper)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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