Netflix shares jump 5% in premarket after third-quarter earnings beat

Netflix logo is screened on a mobile phone for illustration photo. Krakow, Poland on October 17th, 2024.

Beata Zawrzel | Nurphoto | Getty Images

Netflix shares jumped Friday after the media streaming giant reported third-quarter earnings and revenue that beat expectations.

Shares of Netflix were up 5.4% in U.S. premarket trading as of 4:39 a.m. ET.

Netflix reported earnings per share of $5.40 for the three-month period ending Sept. 30, surpassing the $5.12 LSEG consensus estimate. Revenues also beat expectations, coming in at $9.83 billion, above the $9.77 billion anticipated by analysts.

Crucially, Netflix saw momentum in its ad-supported membership tier, which jumped 35% quarter-over-quarter. While Netflix doesn’t expect ads to become its primary growth drive until 2026, it said the ad-tier accounted for over 50% of sign-ups in the third-quarter in countries where it’s available.

This breaking news story is being updated.

Source

World

Sweden’s Volvo Cars to cut 3,000 jobs as part of major cost-cutting drive

May 26, 2025

Mikael Sjoberg | Bloomberg | Getty Images Sweden-based automaker Volvo Cars on Monday said it would cut around 3,000 jobs as part of a major cost-cutting drive. The move comes after the company, which is owned by China’s Geely Holding, announced an 18 billion Swedish kronor ($1.89 billion) cost and cash action plan late last […]

World

‘Buckle up, this ride’s far from over’: Trump’s EU tariffs delay is no guarantee trade tensions won’t escalate, market watchers say

May 26, 2025

President Donald Trump meets with European Commission President Ursula von Der Leyen at the World Economic Forum, Tuesday, Jan. 21, 2020, in Davos, Switzerland. Evan Vucci | AP Photo Investors should “buckle up” for more volatility as the potential for a trade war has not completely dissipated despite U.S. President Donald Trump’s delay of rolling […]

World

EU urges retailer Shein to respect laws and warns of fines

May 26, 2025

A shopper carries a bag with promotional merchandise while visiting fashion retailer Shein’s Christmas bus tour, in Manchester, Britain, December 13, 2024. Temilade Adelaja | Reuters The European Union on Monday urged fast-fashion retailer Shein to respect EU consumer protection laws and warned it could face fines if it failed to address the EU’s concerns. […]