Netflix beat Wall Street’s expectations on both earnings and revenue, and added 35 million paid subscribers year-over-year, sending shares of the streaming giant up in after-hours trading. Netflix reported $5.

The platform’s total subscriber count is expected to hit nearly 282 million in the latest quarter, a jump from last year’s 247 million

Netflix (NFLX) is out with its earnings for Q3 2024, and it shows a beat on revenue and EPS expectations. In addition to hitting these figures, the company’s subscriber account is slightly higher than predicted.

NETFLIX picked up 5.1 million streaming subscribers in the third quarter, topping Wall Street estimates by more than one million users, and said it expected higher customer growth around the holidays when Korean drama Squid Game returns.

Netflix says its subscriber growth slowed dramatically during the summer, a sign that the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off

Netflix shares are up close to 4% in after-market trading as the company's third-quarter numbers beat on the bottom line and subscriber numbers – which the streamer will not routinely release on a quarterly basis starting next year.

Netflix shares rose about 4% afterhours as the streaming giant reported that revenue and operating margins continued to improve even as subscriber growth slowed, a sign the company is having success in pivoting toward profitability over growth.