Stock jumps 15% as Netflix adds 2.4 million new subscribers

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Yes, friends, it is a saying that the real joy of victory comes only after losing.

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The same happened with Netflix, it lost a lot of subscribers in its first and second quarters.

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But now in the third quarter, Netflix has added 2.4 million new subscribers, due to which the share has also jumped 15%.

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Netflix was planning to launch the ad-supported tier anyway, and before that, it got such a big gift.

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Netflix lost nearly 200,000 subscribers in the first quarter and nearly a million in the second quarter.

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Now for the fourth quarter, the executives said that they are sure that they will be able to add 4.5 million new customers.

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The stock was up 15% as soon as Netflix subscriber results were released, closing down 1.7%.

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Now Netflix is ​​going to bring its awaited ad-supported tier on 3 November 2022 which will cost $6.99 per month.

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