Netflix stock is spiking Friday after the streaming giant beat third-quarter expectations and gave an upbeat fourth-quarter outlook.

One analyst saw subscriber performance as the biggest highlight of Netflix’s report. But he reminded investors that this metric is going away early next year.

Revenue and operating margins continued to improve in the third quarter as subscriber growth slowed, a sign of the company’s success in pivoting toward prioritizing profitability over growth.

Shares of Netflix climbed about 9% in early trading on Friday after a strong earnings report propelled by hit shows like "Nobody Wants This" and "The Perfect Couple." The company added about 5 million subscribers over a three-month period ending in September,