Netflix rises 4.5% after beating Q3 subscriber targets

FILE PHOTO: The Netflix logo is shown on one of their Hollywood buildings in Los Angeles, California, U.S., July 12, 2023. REUTERS/Mike Blake/File photo

LONDON (Reuters) - Netflix shares listed in Frankfurt rose 4.5% in early trading on Friday, after the U.S. streaming service said new third-quarter subscribers topped Wall Street estimates by 1 million.

Netflix clocked 5.1 million new streaming subscribers in the third quarter, and said it expected higher customer growth around the holidays when Korean drama "Squid Game" returns.

Shares rose 3% in after-hours trading on Thursday, having closed the regular trading session at $687.65, down 2%.

(Reporting by Lucy Raitano; Editing by Amanda Cooper)