Netflix delivered robust results for Q3 2024, with earnings per share (EPS) of $5.40, significantly beating analysts' expectations. The company's revenue surged by 15% year-over-year to $9.83 billion, reflecting strong operational performance and global subscriber growth.

Netflix added 5.07 million new subscribers, pushing its total to 282.72 million globally, a 14.4% increase. This growth was driven by strong content offerings and the expansion of its ad-supported subscription plan, which accounted for over half of new sign-ups in key markets.

In terms of profitability, Netflix's net income soared to $2.36 billion, a 41% increase compared to the same period in 2023, with operating margins climbing to 30%.

The company's free cash flow also reached $2.19 billion, highlighting its improved financial health.

This momentum is expected to continue into Q4, with Netflix forecasting a 14.7% increase in revenue, supported by a strong content slate and seasonal growth.

Looking ahead, Netflix remains focused on scaling its ad business and maintaining a balance between profit growth and strategic investments, positioning itself for continued expansion in 2025.