What's Going On With Netflix Shares

Netflix Inc NFLX shares are trading higher by 11.69% to $269.02 during Wednesday's pre-market session after the company reported better-than-expected third-quarter results and reported global streaming paid net additions of 2.41 million. Global streaming paid memberships grew 4.5% year over year.

What Happened?

Netflix reported third-quarter revenue of $7.93 billion, up 5.9% year-over-year. The total came in ahead of a Street estimate of $7.84 billion, according to data from Benzinga Pro.

The company posted third-quarter earnings per share of $3.10, beating a Street estimate of $2.13. In the third quarter, Netflix said it gained 2.41 million net new subscribers...Read More

See Also: Alibaba, Nio Fall: Hang Seng Opens Lower Ahead Of Hong Kong Leader John Lee's Policy Speech

Netflix has a 52-week high of $700.99 and a 52-week low of $162.71.