Netflix (NFLX) Rallies After Strong Ad-Tier Subscriber Numbers

Netflix (NFLX) rallies after reporting strong ad-tier subscriber numbers. Caroline Woods discusses this as NFLX reported nearly 5M monthly active users in their ad-supported tier. NFLX says 80% of ad-supported viewers watch on a TV versus an mobile device. NFLX's co-CEO noted that engagement on NFLX's ads plan is similar to its comparable no-ads plan and that the ad-tier member base has more than doubled since early this year. Tune in to find out more about the stock market today.