SAN FRANCISCO — Netflix on Tuesday reported that it remained profitable and added a record number of new subscribers in the final quarter of last year as it pushed to expand globally.
Netflix shares jumped more than six percent to $115.20 after revealing that its ranks of members has topped 75 million and that it made a profit of $43 million in the final quarter of last year.
Northern California-based Netflix added a record 5.59 million members in the final three months of last year, topping market forecasts.
Netflix said its total membership eclipsed 75 million just hours after the end of the …read more
Source: Saudi Gazette
