Netflix Gets Small Wall Street Boost After Q3 Earnings Surpass Expectations

Streaming giant jumps 2.5% after hitting 158 million global subscribers

Netflix shareholders enjoyed a modest boost on Thursday, one day after the streaming heavyweight surpassed its Q3 earnings expectations and narrowly missed out on hitting the 7 million new subscribers it had forecast.

Netflix’s stock increased by 2.5% on Thursday, closing at $293.35 per share. The company’s stock had run past $300 per share in after-hours trading on Wednesday — the first time it had crossed the $300 threshold since August — but didn’t sustain its gains on Thursday.

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Sean Burch

Sean Burch

Tech reporter • sean.burch@thewrap.com • @seanb44