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Netflix shares surge 4.5% after exceeding Q3 subscriber targets
Netflix shares surged 4.5% in Frankfurt after the company exceeded Q3 subscriber expectations, adding 5.1 million new users. Anticipated holiday growth with the return of “Squid Game” promises further gains.
Netflix shares listed in Frankfurt jumped 4.5% in early trading on Friday after the U.S. streaming giant reported that it exceeded Wall Street expectations for new subscribers in the third quarter. The company added 5.1 million new streaming subscribers during the period, surpassing estimates by 1 million.
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This positive momentum is expected to continue, with Netflix anticipating even stronger subscriber growth during the holiday season, driven by the much-anticipated return of the hit Korean drama “Squid Game.”
On Thursday, Netflix shares also saw a 3% increase in after-hours trading, following a regular session close at $687.65, down 2%.
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Last update: Aug 01, 2025