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Netflix reports earnings and does better than expected.

Devon Energy is reportedly considering a major acquisition

and Pfizer's COVID-19 treatment will cost more than double on the commercial market.

Pre-market Netflix is up more than 13%.

The company reported 8.76 million

toped financial expectations.

Netflix posted its best subscriber growth in years

and confirmed a price increase.

The company added 8.76 million global paid

subscribers topping consensus for ads of 6.2 million and landed at

247.15 million memberships versus expectations for 244.41 million.

The year over year growth rate hit 10.8% stronger than Q2's 8% and Q1's 4.9%.

Revenue growth also accelerated with sales growing 7.8%

to 8.54 billion dollars.

Operating income rose to $1.91 billion in operating margin stretched to

22.4 percent. Earnings per share of $3.73 cents also beat forecasts for $3.48.

Netflix attributed the better than expected subscriber growth

to the rollout of page sharing, strong steady programming, and the ongoing expansion of streaming globally.

Meanwhile it's moving forward with price increases in the U.S UK, and France.

In the US, the ads plan will remain at $6.99 per month,

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