On Friday, October 18, the value of Netflix shares rose by 11% after the streaming giant on Thursday, October 17, released information about its earnings for the third quarter of the current year, which exceeded the preliminary expectations of experts regarding the dynamic of the corresponding indicator.

In this case, earnings per share were fixed at $5.50. It should be noted that the preliminary consensus forecast of LSEG provided that the corresponding indicator would amount to $5.12.

The streaming giant’s revenue for the third quarter of the current year was recorded at $9.83 billion. The consensus forecast of LSEG provided that the figure would amount to $9.77 billion.

Separately, Netflix saw momentum in its ad-supported membership tier, which jumped 35% quarter over quarter. At the same time, the company does not expect advertising to be the main driver of its growth until 2026. According to information released by the firm, the ad tier accounted for over 50% of sign-ups in the third quarter in countries where it’s available.

Also, this week, the company released an optimistic outlook on its expected performance in the current quarter. The streaming giant predicts that revenue for the corresponding period will amount to $10.13 billion. The company also expects that the corresponding figure for the entire next year will range from $43 billion to $44 billion.? It is worth noting that this revenue is 11-13% higher than similar expectations for 2024.

Analysts at Citi said in a note that Netflix’s 2025 forecast was relatively in line with consensus estimates.

As we have reported earlier, Netflix Begins Password Sharing Crackdown in USA.