Netflix shares are trading higher after the company reported better-than-expected Q3 sales results, issued guidance and raised some subscription prices.
Portfolio Pulse from Benzinga Newsdesk
Netflix reported better-than-expected Q3 sales results, issued guidance, and raised some subscription prices, leading to a rise in its share prices.
October 19, 2023 | 10:39 am
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Netflix's better-than-expected Q3 sales results and raised subscription prices have led to a rise in its share prices.
Netflix's Q3 sales results exceeded expectations, which is a positive signal for investors. Additionally, the company raised its subscription prices, indicating confidence in its product and potentially leading to increased revenues. These factors have led to a rise in Netflix's share prices.
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