Netflix stock surges 16% after Wall Street buys into ad-driven subscriber growth
Publishing timestamp: 2023-10-19 13:37:07
Summary
Netflix's stock surged 16% after reporting strong quarterly earnings. The company saw a 70% increase in subscribers for its ad-based tier and added 8.76 million overall subscribers, surpassing Wall Street estimates. Analysts upgraded the stock and expressed optimism about future growth, citing factors such as password-sharing benefits and the release of popular shows and video games.
Sentiment: POSITIVE
Tickers: NFLX,
Keywords: stock markets, media, business, entertainment, breaking news: business, netflix inc, earnings, business news,
Source: https://www.cnbc.com/2023/10/19/netflix-stock-surges-after-earnings-report-jump-in-subscribers.html