Netflix tops subscriber targets as ad-tier signups grow

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LOS ANGELES :Netflix picked up 5.1 million streaming subscribers in the third quarter, topping Wall Street estimates by more than 1 million, and said it expected higher customer growth around the holidays when Korean drama "Squid Game" returns. Shares of Netflix rose 4.

Shares of Netflix rose 4.8 per cent in after-hours trading on Thursday following the earnings report.

The streaming giant said on Thursday its ad-supported service accounted for more than 50 per cent of signups in the third quarter in countries where it was available.

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Category: EconomyBusiness

Markets: SingaporeItalyJapanOmanSpain

Topics: Picked Million Quarter Subscriber Streaming Plan Growth Netflix Ad-supported Cent Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 04:06:52 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 681 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23111550

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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