To The Moon

$Netflix(NFLX)$ was the BIG-TECH to release its Q3 earnings on October 18thSummary1. New subscriptions surged by 8.76 million under the dual policies of "cracking down on shared accounts" and "budget plans with ads," second only to the global popularity of "Squid Game" during the pandemic period. 2. Reasons for the weakening ARPU include: the possibility that advertising growth may not be as high as market forecasts (previously hinted at by the CEO in interviews and managed expectations), the continued strength of the U.S. dollar, and lower ARPU in regions with high overseas growth. 3. Despite the impact of price increases, advertising, and writer strikes, free cash flow continues to reach new highs (a more important metric for Netflix than profit