Net­flix sub­scriber num­bers es­ca­late around the world

The Star (Kenya) - - News -

Net­flix Inc added more than 50 per cent more sub­scribers than ex­pected in the third quar­ter. Orig­i­nal shows such as Stranger Things drew new in­ter­na­tional viewers and kept US cus­tomers de­spite a price hike, send­ing its shares soar­ing 20 per cent in Monday 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, said it is on track to start har­vest­ing “ma­te­rial global prof­its” next year, even as it raised spend­ing on orig­i­nal pro­gram­ming. Net­flix added about 3.20 mil­lion sub­scribers.

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