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 shares powered higher into the close of Friday trading, notching their biggest single-day gain in a year, following a solid set of third quarter earnings and a host of Wall Street price target changes for streaming media giant.

Netflix (NASDAQ: NFLX) reported excellent growth in revenue, profit, cash flow, and subscribers. Read More: Earn up to $845 cash back this year just by changing how you pay at Costco! Learn more here.

Netflix stock (NASDAQ:NFLX) rose 4% in after-hours trading after the company easily topped expectations for profits and user growth in its third-quarter earnings report. Margin growth ticking higher Revenues grew 15% year-over-year,

Netflix NFLX has once again proven its mettle in the streaming wars, delivering a stellar third-quarter 2024 performance that cements its position as the industry leader. The company's impressive earnings beat and raised guidance make it a compelling case for investors looking to capitalize on the growing digital entertainment market.

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.