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Netflix's Q3 earnings report shows a significant increase in global subscribers, adding 8.8 million new users, which resulted in a 16% rise in the company's stock. The company also confirmed price hikes in the US, UK, and France, leading to customer backlash and discussions around streaming residuals for actors. Despite the controversy, Netflix's Q3 revenue rose by 8% to $8.5 billion, and the company signaled an increase in spending on licensed titles.
Netflix users threaten to CANCEL their subscriptions as prices are hiked for millions of customers https://t.co/JR4TQDHyr8 https://t.co/dWObkjlLRx
It's not just Netflix: These are all the streamers that raised prices this year, including Max, Hulu and Disney+ https://t.co/1rGw2MWtur
Netflix is shocking no one with its latest price hike, so prepare your wallets https://t.co/IqoeXua6lS
Netflix added 8.8 million new subscribers in its third quarter, handily beating expectations of 6.2 million. $NFLX said it expects Q4 subscriber net additions "to be similar" to Q3's results. https://t.co/PbNzZXmgmU https://t.co/qHBOU2yTVc
Netflix stock surges 16% after Wall Street buys into ad-driven subscriber growth https://t.co/aTLp3SuD3b
Netflix shares climb nearly 14% in premarket trade on strong subscriber growth https://t.co/s4ZPb43QeO
Netflix $NFLX 3Q23 Earnings 💪🏻 - Rev $8.5b +8% ↗️🟡 - EBIT $1.9b +25% ↗️🟢 margin 22% +309 bps ✅ - Net Inc $1.7b +20% ↗️🟢 margin 20% +199 bps ✅ - OCF $2b +258% 🚀 margin 23% +1629 bps ✅ - FCF $1.9b +300% 🚀 margin 22% +1615 bps ✅ Biz Metrics - Paid Subs 247m +11% ↗️🟢 -… https://t.co/M5ncW0ivjo https://t.co/cijWKOu0L4
Netflix raising prices "starting today," company confirms in letter https://t.co/BHBro4UKFh https://t.co/LUK36lKze7
Netflix flips the streaming script again with a return to growth mode https://t.co/5zzs0HxiQw
Netflix, $NFLX: "ads plan membership up almost 70% quarter-over-quarter; 30% of sign-ups in our ads countries are to our ads plan."
Netflix subscribers surge as company announces price hikes in some regions https://t.co/UKj0KdAGOC by @allie_canal
Netflix Signals Increase in Spending on Licensed Titles Following ‘Suits’ Explosion https://t.co/JMGeQMxUCk
Netflix Price Hike Starts Today in US, UK and France https://t.co/kuuC7yHAh5
Netflix Stock Jumps 12.3% as Streamer Adds Nearly 9 Million Subscribers in Q3 https://t.co/k4fmgBGbCx
Netflix are reportedly planning on increasing their subscription prices soon. Despite this, they are still refusing to pay actors what they rightfully deserve. (https://t.co/cVutoSg65C) https://t.co/mAfjtYz7iP
Netflix Tops Q3 Expectations, Confirms Price Hikes Are On The Way (click photo below for story) https://t.co/gZ6qUeEkRU https://t.co/Tpngd2Dx1e
Netflix beats by $0.24, reports revs in-line; guides Q4 EPS below consensus, revs below consensus; expects Q4 paid net adds will be similar to Q3 give or take a few million $NFLX
Netflix popping post-earnings The streamer added 8.8 million subs in Q3 (vs. estimated 6.2 million), giving it 247 million global subscribers The 'Suits' effect in full swing https://t.co/p2o8uVpBfg https://t.co/Tv9cZjk2sA
Netflix has gained 8.76M subscribers in Q3 2023. The ads plan membership is up almost 70%, yet actors are still being refused proper streaming residuals. https://t.co/pwrKZcd9ta
Q3 earnings indicate a surge in subscriber count for $NFLX. The streaming giant also confirms that it will raise prices in the US, the UK, and France. https://t.co/S7VKGuystD
*NETFLIX 3Q STREAMING PAID NET CHANGE +8.76M, EST. +6.20M
Ten Questions for Netflix’s Q3 2023 Earnings Interview Tonight #Netflix @Netflix $NFLX https://t.co/tk98kfQGxu
$NFLX | Netflix Q3 Earnings Preview: Price Hike Rumors, 'Squid Game,' 'Grand Theft Auto' Video Game Buzz And Live Sports https://t.co/PPdGKPkxOd
Netflix analysts talk turkey ahead of earnings https://t.co/Pjt2fWpHvQ
Netflix earnings preview: investors focus on price hikes and ad tier updates https://t.co/ncn8eg4mIt by @allie_canal