Netflix Ad Tier Subscribers Top 23 Million Users. NLFX Stock Jumps Into Buy Zone.

Netflix’s stock saw an early Thursday climb as the company’s advertising chief highlighted the growth of its advertising-supported plan. The streaming giant’s president of advertising, Amy Reinhard, shared that the ad-based plan now has over 23 million monthly active users. This demonstrates Netflix’s progress in establishing an advertising-supported business amidst heightened competition in the streaming market. In morning trade, Netflix’s stock rose by 3.9% to 497.12, surpassing its buy point of 482.70. The stock hit a high of 503.27, its best level since January 2021, and rebounded from the 21-day and 10-week lines while breaking a short downtrend.