Netflix Stock Surges After Strong Q3 Earnings Report

Netflix's ad-supported tier sees significant growth, driving a notable increase in stock value.

Netflix shares jumped 11% following a third-quarter earnings report that exceeded expectations in earnings, revenue, and paid memberships.
The company's ad-supported membership tier experienced a 35% increase in subscribers, accounting for half of new sign-ups.
Netflix plans to stop reporting subscriber numbers starting next year, shifting focus to revenue growth and profit margins.
Analysts have raised Netflix's stock price targets, highlighting potential growth from ad revenues and future price adjustments.
Despite slowing subscriber growth, Netflix added 5.1 million new users last quarter, surpassing Wall Street forecasts.