Netflix third-quarter subscribers barely beat estimates as ad-tier members jump 35%

LOS ANGELES — Netflix posted third-quarter earnings that beat on the top and bottom line Thursday after the bell.

The company’s advertising business continued to grow in the third-quarter, with ad-tier memberships jumping 35% quarter-over-quarter. It’s on track to launch this service in Canada in the coming quarter and more broadly in 2025.

Here are the results:

• Earnings per share: $5.40 compared with the $5.12 expected by LSEG.
• Revenue: $9.83 billion compared with the $9.77 billion expected by LSEG.
• Paid memberships: 282.7 million compared to 282.15 million expected, according to StreetAccount

This is a breaking news story. Please check back for updates.

Correction: This story has been updated to correct reported and estimated revenue for Netflix’s third quarter. The company reported $9.83 billion compared with $9.77 billion expected, according to LSEG.