Netflix adds record 7m subscribers as it races to cover the globe
Streaming TV giant's shares jump 8% as it sees biggest quarterly net addition, driving profit up 55% to US$66.7m
Fri, Jan 20, 2017 - 5:50 AM
Netflix is producing world-leading TV, spanning tastes from cult shows like Stranger Things (above), to historical dramas like The Crown, to light entertainment like Fuller House, said Conlumino analyst Neil Saunders.
NETFLIX added a record seven million subscribers over the past quarter as part of its global expansion drive, fuelling a surge in revenue and profit for the streaming television giant.
California-based Netflix said in its quarterly report on Wednesday that it ended...