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Netflix's recent earnings beat expectations, but guidance emphasizes investing for growth, requiring investor patience for profitability improvements. Despite intense competition, Netflix's stable subscriber base, diverse content, and strategic pricing plans project strong future growth. Netflix's valuation at 25x next year's operating profits is sensible, given its proven ability to navigate competitive pressures and monetize effectively.

Netflix shares listed in Frankfurt rose 4.5% in early trading on Friday, after the U.S. streaming service said new third-quarter subscribers topped Wall Street estimates by 1 million.

In a significant boost to its subscriber base, Netflix (NFLX.O) welcomed 5.1 million new streaming subscribers during the third quarter, surpassing Wall Street's expectations by over a million. The company anticipates even greater customer growth as the holiday season approaches, particularly with the much-anticipated return of the Korean drama “Squid Game.

Netflix reported a significant earnings increase. Revenue and both cash flow measures lag the earnings increase percentage. Competitors can monetize established franchises through diverse channels, while NFLX's reliance on streaming implies continued use of free cash flow for acquisitions.

Netflix (NFLX) shares jumped 5% in extended trading on Thursday after the streaming giant topped Wall Street's third-quarter estimates and issued a strong revenue outlook.

Netflix, which has seen share prices rocket back to pandemic-era heights over the past few months, reported another 5.1 million subscribers today, puffing up its global customer base to nearly 283 million. That keeps it easily as the biggest streaming service on the planet.

I reiterate a ‘Strong Buy' rating for Netflix with a fair value of $830 per share, driven by robust subscriber growth and an emerging advertising business. Netflix's in-house advertising platform, set to launch by FY25, will enhance monetization and user experience, despite near-term operating expense increases. Q3 results showed 15% revenue growth and 35% quarter-over-quarter growth in ads memberships, highlighting the potential of Netflix's advertising business.

Netflix, Inc. (NASDAQ:NFLX ) Q3 2024 Earnings Conference Call October 17, 2024 4:45 PM ET Company Participants Spencer Wang - VP of Finance, IR and Corporate Development Ted Sarandos - Co-CEO Greg Peters - Co-CEO Spencer Neumann - CFO Conference Call Participants Spencer Wang Good afternoon, and welcome to the Netflix Q3 2024 Earnings Interview. I'm Spencer Wang, VP of Finance, IR and Corporate Development.

Netflix makes money. A lot of money.

Rich Greenfield, Lightshed Partners, joins 'Fast Money' to talk Netflix earnings.