Yahoo Finance’s Emily McCormick previews Netflix’s Q3 earnings, the company’s first earnings release since the success of ‘Squid Game’.
(Reuters) -Global interest in Netflix Inc's Korean thriller "Squid Game" lured more new customers than expected in the recent quarter, boosting shares of the world's largest streaming service by 3% on Tuesday. After a sharp slowdown in the first half of the year, Netflix added 4.38 million subscribers from July through September to reach a worldwide total of 213.6 million. Netflix enjoyed a subscriber boom last year as COVID-19 kept audiences at home, but growth stalled in the first half of 2021.
In this video, I will be talking about Netflix (NASDAQ: NFLX) -- how Squid Game showed why the company is such a content powerhouse and how it moved into retail by partnering up with Walmart and launching its own Shopify online store. The South Korean show has become Netflix's most successful show ever. According to Netflix, 87 million people have finished the series in the first 23 days (including me).