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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
Add BT as a preferred sourcePublished Thu, Jan 19, 2017 · 09:50 PM
San Francisco
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 the year with nearly 94 million subscribers, adding five million outside the United States in the last three months of the year.
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