Netflix tops subscriber targets as ad-tier signups grow


FILE PHOTO: The Netflix logo is shown on one of their Hollywood buildings in Los Angeles, California, U.S., July 12, 2023. REUTERS/Mike Blake/File Photo

LOS ANGELES (Reuters) -Netflix picked up 5.1 million streaming subscribers in the third quarter, topping Wall Street estimates by more than 1 million, and said it expected higher customer growth around the holidays when Korean drama "Squid Game" returns.

Shares of Netflix rose 4.8% in after-hours trading on Thursday following the earnings report. The shares have gained about 47% so far this year.

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