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.

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'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,

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.

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.