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in Tech

Netflix stock surges 13% as profit beats expectations, ad-tier subscriptions rise

by Editor October 19, 2023, 2:55 pm 1.3k Views

Netflix stock surges 13% as profit beats expectations, ad-tier subscriptions rise

Thomas Trutschel | Photothek | Getty Images

LOS ANGELES — Netflix shares surged Thursday morning, after the

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driven by a password-sharing crackdown efforts and interest in its new ad-supported tier.

The streaming giant said after the market closed Wednesday that it had added 8.76 million global subscribers during the third quarter, higher than 5.49 million Wall Street had expected, according to…

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