When the company's third-quarter 2024 results were released after the market closed on Thursday, investors liked what they saw, and shares jumped 11% on Friday. After Friday's stock pop, Netflix shares ended the trading week at $763.

Netflix continues to deliver strong growth across the board, adding 5.1 million subscribers in the quarter, or 35.6 million over the last four quarters. That drove revenue up 15% in the quarter to $9.83 billion, which edged past estimates of $9.78 billion.

Netflix's valuation is lofty with a P/E ratio of ~35, requiring future growth. Current FCF yield of 2% is insufficient to justify this valuation. Revenue growth is slowing, with $9.8 billion in the recent quarter and net income volatile,

Netflix (NASDAQ: NFLX) reported yet another great quarter last week, continuing to add subscribers and improve the bottom line. How does Netflix stay ahead with so many streaming competitors? In this video,

The streaming giant released its third-quarter earnings results on Thursday, Oct. 17 and Wall Street was impressed; it exceeded consensus estimates for both revenue and earnings per share (EPS). The market reacted to the news and shares are up about 10% as of this writing.