Netflix Inc ( NFLX ) shares are trading higher by 9% to $765.66 over the past week. The stock hit a new 52-week high after last week reporting better-than-expected third-quarter financial results and 14.4% growth in global streaming paid memberships.

Additionally, according to an earlier WSJ report, Netflix ( NFLX ) has closed its Southern California game studio, Team Blue, just under a year after its establishment, signaling a major change in the company’s gaming strategy following the exit of key executives.

What Happened With Earnings: Netflix ( NFLX ) saw its stock soar to new all-time highs last week following the release of its impressive third-quarter financial results after market close on Thursday.

The streaming giant reported revenue of $9.825 billion, reflecting a 15% year-over-year increase and surpassing analysts' expectations of $9.769 billion. Additionally, the company achieved EPS of $5.40, beating the consensus estimate of $5.12.

As of the end of September, Netflix ( NFLX ) boasted 282.72 million global paid subscribers, up 14.4% from the previous year. The addition of 5.07 million new subscribers during the quarter, while lower than last year's 8.8 million, still underscores the company’s ongoing appeal in a competitive market. Subscriber engagement also remained strong, with members averaging approximately two hours of viewing per day.

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Notably, Netflix’s ad-supported subscription model showed promise, with membership increasing by 35% quarter-over-quarter and accounting for over 50% of new sign-ups. The company plans to enhance its ad-tech offerings, aiming for a broader rollout in 2025.

What Else: Looking ahead, Netflix ( NFLX ) projected fourth-quarter revenue of $10.128 billion, a 14.7% increase year-over-year, and an EPS of $4.23, compared to $2.11 in the same period last year.

With a slate of exciting content lined up—including the boxing match between Jake Paul and Mike Tyson and a new season of “Squid Game”—the company anticipates a boost in subscriber growth and engagement during the critical holiday season.

The company also provided a bullish long-term outlook, forecasting revenue between $43 billion and $44 billion by 2025.

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Is NFLX A Good Stock To Buy?

An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like Netflix ( NFLX )‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. Netflix ( NFLX ) does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

For example, if you're looking to earn an annualized return of 11.25%, you'll need to buy a share of First Trust Senior by the Nov. 1, 2024. Once done, you can expect to receive a nominal payout of $0.1 on Nov. 15, 2024.

Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on Netflix ( NFLX ) will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.

According to data from Benzinga Pro, NFLX has a 52-week high of $773.00 and a 52-week low of $395.62.