Stoculator
October 18, 2024 5:42PM GMT
Netflix (NASDAQ:NFLX) stock is up 10% today after the company released their Q3 earnings report. The company reported a 15% revenue growth on year-over-year basis. Operating margin was 30% compared to 22% for the same quarter in 2023.
The report highlighted that Netflix is continuing to build and improve its advertising business which was introduced back in Nov 2022. The ad-supported subscription plan, which has a lower subscription price is currently limited to users from the US, Canada, Germany, Italy, Japan, Mexico, South Korea, Spain, and United Kingdom. Netflix mentioned in the report that it's on track to launch their in-house advertising technology platform in Canada in Q4 and "more broadly" in 2025. The ad-supported plan memberships grew 35% quarter on quarter.
Stoculator's stock calculator showed that a $1,000 invested in Netflix stock 10 years ago would be worth $14,1435.69 today. That's a 30.6% annual return rate and 1343.57% total return.