Netflix Beats Expectations with 9M New Subscribers Despite Price Hikes

Netflix added 9 million subscribers globally in Q3 2022, exceeding expectations and boosting stock price.

The company raised prices for some streaming plans in the U.S., U.K., and France.

Netflix attributed growth to password sharing crackdown and new content like "Love at First Sight."

The company expects to add a similar number of subscribers in Q4 2022.

Netflix reduced its content spending forecast for 2023 to $13 billion due to industry labor strikes.