Netflix Hits New Highs with Q3 Triumph

Netflix's stock skyrocketed 11% to a record $760 on a robust Q3 earnings report. The streaming giant added 5 million subscribers, reaching a total of 282 million worldwide, despite a 40% slowdown in growth. Revenue surged to nearly $10 billion, a 15% increase, bolstered by popular shows like "Emily in Paris" and a 35% rise in its ad-supported tier. Looking ahead, Netflix forecasts $44 billion next year, eyeing price hikes and expanding its ad strategy to stay ahead in the streaming wars.