Netflix Stock Hits Record Highs After Crushing Earnings Expectations
Netflix(NFLX) The Motley Fool·2024-10-18 23:41
Why did Netflix shares surge today? Find out what's driving the media-streaming expert's stock to record-high prices.Shares of Netflix (NFLX 10.46%) soared to fresh all-time highs on Friday, boosted by a strong earnings report. The media streaming pioneer's stock had gained by 10.7% by 11:10 a.m. ET, adding up to a gain of 120% in 52 weeks.Sales and earnings breezed past expectationsNetflix's top-line revenue rose 15% year over year in the third quarter, landing at $9.83 billion. That's slightly ahead of a ...