Netflix shares soar as video service posts jump in subscribers

Netflix shares soar as video service posts jump in subscribers
 

Netflix has shaken off growth worries with new subscriber numbers that beat estimates and sent its shares soaring.
The video streaming company added 3.2 million international customers in the last three months, far more than the 2 million analysts had predicted.
In the US, numbers rose 21% to 370,000 as hit shows such as Stranger Things and Narcos won over more subscribers.
It helped quarterly revenues rise 31.% to $2.29bn (£1.88bn), sparking a 20% jump in Netflix's share price.
In the three months to the end of September Netflix had about 83.3 million subscribers.
The company said on... read more

 
17 October 2016 in Business, Views: 46
Source: BBC
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