Smartphone with Netflix logo is placed on a keyboard in this illustration taken April 19, 2022. REUTERS/Dado Ruvic/File Photo Acquire Licensing Rights
LOS ANGELES Oct 19 (Reuters) – Streaming pioneer Netflix (NFLX.O) showed resilience by gaining more quarterly subscribers than in the past three years despite strikes by Hollywood’s writers and actors, sending its shares up 13.5% in premarket trading on Thursday.
Netflix capitalized on its heft in global production, as well as the economic hardships of its media rivals, to amass 247 million subscribers in the third quarter, a gain of nearly 9 million over the last three months.
It was the greatest gain since the COVID-19 outbreak fueled unprecedented growth in early 2020.
Shares rose to $393.45 in an indication that the company was set to add nearly $21 billion to its market capitalization.
“The management deserves an Emmy for managing…
