Netflix's Impressive Earnings Report

Netflix has reported a significant jump in its stock value following its Q3 earnings report, where it exceeded both revenue and profit expectations. The company added over five million new subscribers, surpassing initial forecasts, and emphasized an average watch time of two hours per day per membership. With a strong focus on building its advertising revenue, Netflix indicated that over half of new signups came from its ad-supported tier, highlighting the growing importance of this aspect of their business. The company acknowledged challenges related to scaling its ad inventory but expressed optimism about future price hikes and monetization strategies.