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Netflix shares up on talk of profit stream after rollout

Published Wed, Jan 21, 2015 · 09:50 PM

NETFLIX Inc's US$9.5 billion drive to dominate video streaming worldwide is paying off.

Investors sent the shares up as much as 16 per cent after the Los Gatos, California-based company said it will profitably reach all 200 of the countries that have broadband Internet service within two years.

"We then intend to generate material global profits from 2017 onwards," chief executive officer Reed Hastings and his finance chief, David Wells, said Monday on the company's website.

The outlo…

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Companies & Markets

Netflix shares up on talk of profit stream after rollout

Consumer & Healthcare

Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

Swiss watch exports plunge as China and Hong Kong demand dries up

Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO

Billionaires selling cheap stuff get richer from inflation pain

Amazon to push cashierless shopping tech into more third-party stores, while backing off itself

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