STORY: “Squid Game” drove Netflix to another forecast-beating quarter.The dystopian Korean drama is the most popular non-English show in the history of the streaming giant.Netflix says its third and final season racked up some 122 million views.That helped the firm posted earnings per share of $7.19, just ahead of estimates.Netflix is also feeling bullish about the coming months, raising its forecasts for revenue over the year.For all that, some investors weren’t impressed.Netflix shares fell 1.8% in after-hours trade Thursday following the numbers.One analyst told Reuters that markets had been expecting a much stronger upward revision to the earnings guidance.He described the new outlook as “quite conservative”, and said Netflix seemed over-dependent on price increases to drive revenue gains.The company stopped disclosing subscriber numbers earlier this year, instead encouraging investors to focus on profit figures.For the latest period, Netflix said subscriber growth beat forecasts, but came later in the quarter, limiting the impact.With ‘Squid Game’ now finished, the streamer is banking on other big shows to drive future growth.That includes the final episodes of supernatural drama “Stranger Things” at the end of the year.
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