Share

News Summary: Netflix's 4Q showing wows Wall St.

|
News,Business

WIDENING AUDIENCE: Netflix's Internet video service gained another 4 million subscribers during the final three months of last year. About 2.3 million of the additional customers were in the U.S., Netflix's biggest and most lucrative market.

RISING PROFITS: The financial results released Wednesday were highlighted by a six-fold increase in Netflix's fourth-quarter earnings from the same time in the previous year. Revenue climbed 24 percent.

RAVE REVIEW: Investors applauded Netflix Inc.'s performance as the company's stock surged by more than 17 percent to hit $392 in extended trading. That sets up the shares to reach a record high in Thursday's trading.

View article comments Leave a comment