Post Profile






Netflix Shares Soar in Worldwide Subscriptions Boom

Netflix added over 50 percent more subscribers than expected in the third quarter as original shows such as Stranger Things drew new international viewers and kept U.S. customers despite a price hike, sending its shares soaring 20 percent in late trade. The company's performance represented a turnaround from the previous quarter of disappointing subscription growth. Netflix, which has spent heavily to expand outside its home market, also said that it was on track to start harvesting "material global profits" next year, even as it raised spending on original programming.
read more

share

Related Posts


10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, NFLX, IBM, V, DIS, TWTR)

Business & Finance : Business Insider: Clusterstock

Here is what you need to know. Netflix crushed earnings. The streaming video giant earned $0.12 per share on revenue of $2.29 billion, topping the $0.06 and $2.28 billion that were expected. Netflix says it added 3.2 million interna...

Netflix revenue boosted by strong subscriber growth

Business & Finance : Business Insider: Money Game

(Reuters) - Netflix Inc reported a 22.7 percent jump in quarterly revenue as the video streaming service provider added more net subscribers worldwide than its expectations. Netflix, which produces shows such as "House of Cards" and...

Netflix's subscription additions miss expectations

Business & Finance : Business Insider: Clusterstock

(Reuters) - Netflix Inc's U.S. and international subscription additions in the second quarter fell short of analysts' expectations as price hikes for its video streaming service put off customers. The company said on Monday it added...

Netflix Stock Soars as Subscribers Return

Business & Finance : The Curious Capitalist

Netflix, the streaming video and DVD service, saw its stock price soar over 22% Thursday after reporting earnings results that beat Wall Street expectations. The company said it added 610,000 new customers last quarter, in a sharp r...

Netflix’s subscriber growth cools slowdown concerns

Business & Finance : Business Report

Netflix surged more than 20 percent after reporting its streaming service signed up 3.57 million subscribers in the third quarter. ||| Los Angeles - Netflix surged more than 20 percent after reporting its streaming service signed up...

Comments


Copyright © 2016 Regator, LLC