The Reed Hastings rollercoaster is moving up again
You liked Stranger Things? Narcos, too?
So does everyone, Netflix says: It said those two shows, along with other stuff Netflix is now producing for itself, drove subscriber numbers above expectations in Q3. Now Wall Street likes Netflix, and its stock is up nearly 19 percent.
This is a big turnaround from last quarter, when Netflix blew its numbers, and apologized to investors for doing so. Netflix says it is feeling good about Q4, too, and is offering subscriber estimates well above Wall Street estimates.