# Netflix shares jump 5% on upbeat subscriber forecast 2026-08-13T17:13:55+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Netflix shares rose more than 5% on Friday after the company issued a forecast that beat Wall Street estimates for new subscribers in the current quarter. The streaming giant said it expects to add about 13 million new paying members globally, driven by its crackdown on password sharing and the introduction of a cheaper ad-supported tier. The positive outlook came days after billionaire investor Bill Ackman revealed he had taken a stake in Netflix. Ackman had previously owned Netflix shares briefly in 2022 and later sold them at a loss. NDTV Profit reports that the stock jump reflects growing confidence among investors in Netflix's turnaround strategy. ## Coverage - ndtvprofit.com Tags: Bill Ackman, Netflix, stock market, streaming, subscriber growth Canonical: https://indianopinion.org/netflix-shares-jump-5-on-upbeat-subscriber-forecast/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/netflix-shares-jump-5-on-upbeat-subscriber-forecast/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.