Netflix Inc.'s stock is soaring more than 10% Thursday, on pace for its highest close in more than a year and within striking distance of its highest close since April 5, 2022, when it closed at $380.
Netflix said it had 5 million monthly active users for its ad-supported option and that 25% of its new subscribers were signing up for the newest tier.
Jessica Reif Ehrlich, BofA Securities senior media and entertainment analyst, says it's going to be very hard for the competition to catch up to Netflix. She's on "Bloomberg Surveillance.

Why Netflix Stock Charged Higher Thursday Morning

11:53am, Thursday, 18'th May 2023
Netflix's Basic with Ads tier is gaining steam. The lower-cost tier has hit 5 million subscribers.
Netflix Inc (NASDAQ:NFLX) newly launched cheaper ad tier now has 5mln monthly users, representing just over 2% of the group's total 232.5mln subscribers.   The plan, which was launched in November
Co-CEO Greg Peters said the company's ad-tier member base has more than doubled since early this year and that more than a quarter of new subscribers are choosing the ad plan.
Six months after its launch, Netflix Inc.'s ad-supported tier has nearly 5 million monthly active users globally, the streaming giant said Wednesday.
During Netflix's first Upfront presentation on Wednesday, Netflix revealed that its ad plan has nearly five million global monthly active users. This is the first time the company has disclosed figure
Six months after the landmark debut of its ad-supported subscription tier, Netflix said the plan has hit 5 million monthly active users globally. The number, along with other stats, insights and produ
Netflix Inc's recently launched tier with commercials now has nearly 5 million global monthly active users, a company executive said on Wednesday at a presentation to advertisers.
The Wall Street Journal Deputy Media Editor Jessica Toonkel joins Yahoo Finance Live anchors to discuss Netflix's first upfront presentation, advertisers selling ads on Netflix's new ad-supported tier
Netflix (NFLX) is expanding its international content with the adaptation of Karen Blixen's novel, Ehrengard, starring Sidse Babett Knudsen of Borgen fame.
CNBC's Julia Boorstin joins 'Squawk on the Street' with Ben Silverman, Propagate Content co-CEO, to discuss the impact of the writer's strike on the streaming services and the state of the sector in a

Where Will Netflix Stock Be in 3 Years?

05:51am, Wednesday, 17'th May 2023
Netflix's move into video games could work well, as the industry is seemingly on a growth path. Delaying sub-account fees in the U.S. is reportedly impacting the company's spending.
Disney lost domestic subscribers at the same time that Netflix gained subscribers. But the great news for Netflix investors has to do with Disney's advertising tier.
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