LOS ANGELES: Netflix Inc gained more subscribers than expected at home and abroad, helped by original series like "Orange is the New Black," and predicted additional growth this quarter, sending its shares surging 9.4 percent to a record high on Monday.
Netflix, the biggest gainer in the S&P 500 in 2013, quadrupled profit in the third quarter as it added a higher-than-expected 1.3 million subscribers to its subscription video streaming service.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!