Netflix's strong earnings and growth potential make it a compelling long-term investment, despite profitability challenges and competitive pressures. Read more here.

Streaming video giant Netflix (NASDAQ: NFLX) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 15% year on year to $9.82 billion. The company expects next quarter’s revenue to be around $10.

Netflix's internal forecasts call for 15% revenue growth in the fourth quarter, the company said in its shareholder letter Thursday. Analysts had been modeling $10.04 billion in revenue, or about 14% above last year's levels.

Netflix beat Wall Street’s expectations on both earnings and revenue, and added 35 million paid subscribers year-over-year, sending shares of the streaming giant up in after-hours trading. Netflix reported $5.