Instant Reaction: Netflix Records Another Strong Quarter

Dan Morgan, a senior portfolio manager at Synovus Trust, provides insight into Netflix's impressive third-quarter performance, with over 5 million new subscribers adding to its growth. He discusses the company's strategic shift towards advertising, attracting nearly half of new users with ad-supported tiers. Morgan also analyzes the focus on revenue metrics over subscriber counts and the pricing challenges amid fierce competition in the streaming market. His perspective sheds light on Netflix's path to profitability and future growth catalysts.