Netflix reported better-than-expected third-quarter earnings, with revenue reaching $9.83 billion and earnings per share at $5.40. The streaming service added 5.1 million subscribers, surpassing Wall Street estimates. Netflix plans to launch its ad-tier memberships in Canada soon and more broadly in 2025. The company is focusing on revenue growth and other financial metrics going forward, rather than subscriber numbers. They expect revenue in the fourth quarter to be $10.13 billion and project revenue for 2025 between $43 billion and $44 billion. Netflix is highlighting new shows and movies like “The Perfect Couple” and “Beverly Hills Cops: Axel F” as viewer favorites, with upcoming releases including the second season of “Squid Game” and live sports events.
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