Netflix Revenue, Profit Grow as Ad Business Accelerates

Core Insights - The dominant streamer reported higher revenue and profit for the third quarter [1] - Membership growth, increased ad revenue, and price hikes were the main drivers of this performance [1] Revenue and Profit - The company experienced a significant increase in revenue and profit during the third quarter [1] - This growth is attributed to a rise in membership numbers [1] Advertising Revenue - Increased ad revenue contributed positively to the overall financial performance [1] Pricing Strategy - The company implemented price hikes, which also played a role in boosting revenue [1]