NET­FLIX ADDS 6.96 MN USERS IN Q3

Business Today - - GLOBAL BUSINESS -

Net­flix is grow­ing faster than what Wall Street pre­dicted, push­ing its strato­spheric stock even higher. The world’s largest paid on­line TV net­work added 6.96 mil­lion users in the third quar­ter, tak­ing its global to­tal to 137.1 mil­lion. The 21-year-old com­pany says it is plan­ning to add a to­tal of 28.9 mil­lion cus­tomers this year. Its pro­longed suc­cess as one of the best-per­form­ing stocks will also give it lee­way to spend bil­lions of dol­lars more on orig­i­nal pro­gram­ming.

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