Netflix exceeds forecasts with a 34% increase subscribers

Netflix reported EPS of $4.88, beating estimates of $4.74 and last year's $3.29.–

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– The company expects Q3 EPS to be $5.10, above the consensus of $4.74. – –

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– Netflix added over 8 million subscribers, driven by key programming like "Bridgerton." – –

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– Subscriber additions of 8.05 million exceeded the expected 4.7 million. –

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– Netflix stock has risen over 30% since the start of the year. –

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– The ad tier has reached 40 million global monthly active users, up from 15 million in November. –

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– Ad tier memberships grew 34% quarter on quarter. –

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– Netflix will phase out its basic plan membership in the US and France. –

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1. Concerns have been raised about Netflix's long-term subscriber growth as it stops reporting certain metrics next year.

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