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.
Learn how to trade stocks with Top Forex brokers
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%.
Subscribe for our newsletter
Get Forex brokers reviews, market insights, expert analytics and education material right into your inbox for free!