Netflix's Q3 Subscriber Surge and Stock Jump: Top Stories

Netflix gained 8.76 million subscribers in Q3, reaching a total of 247.15 million subscribers by the end of September. The company reported significant growth in its ad-supported plan, with membership up almost 70% quarter-over-quarter. Netflix also highlighted the success of original content, including the live-action adaptation of "One Piece" and the popularity of "Suits." The company increased the price of its basic and premium plans in the U.S., France, and the U.K. Netflix expects free cash flow for 2023 to be approximately $6.5 billion, with $1 billion in lower-than-planned cash content spend due to ongoing writers and actors strikes. Negotiations with SAG-AFTRA are still ongoing.