Netflix clocked 5.1 million new streaming subscribers in the third quarter, and said it expected higher customer growth around the holidays when Korean drama "Squid Game" returns. Shares rose 3% in after-hours trading on Thursday, having closed the regular trading session at $687.65, down 2%.

In Q2, Netflix added 8.05 million net paid customers in Q2, bringing its global base to 277.65 million. For the July-September quarter, the company reported revenue of $9.56 billion (up 17%) and net income of $2.15 billion (versus $1.49 billion a year ago), translating to earnings per share of $4.88.

Netflix reported its third-quarter earnings Thursday, adding 5 million subscribers as its status as subscription streaming TV’s dominant platform remains unchallenged.

Netflix plans to stop disclosing quarterly subscriber features in 2025 and instead focus on reporting financial metrics. Netflix hits like Emily in Paris , Cobra Kai and Outer Banks were originally scheduled for earlier in 2024 but have seen later release dates due to the 2023 actors’ and writers’ strikes Sarandos,

Netflix had a great quarter, but analysts and investors worried about slower growth in new subscribers. But those concerns miss the point.

Media analysts expected Netflix to add somewhere between 3.9 million and 4.5 million global paid subscribers over the past three months. While Netflix didn’t blow that number away as it has in recent quarters,