Netflix reported third-quarter earnings that exceeded Wall Street expectations, generating approximately $9.825 billion in revenue, surpassing the projected $9.769 billion. The platform added 5.1 million new subscribers, significantly above the forecast of 4 million. User engagement showed an increase in viewing hours. Netflix has over 600 million users, with each spending about two hours daily on the service. Despite strong earnings, Netflix has implemented price hikes in Spain and Italy, and analysts suggest potential increases for U.S. subscribers. Current subscription plans include a basic tier at $6.99, a standard tier at $15.49, and a premium tier at $22.99.
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