Netflix's outlook, user gains reinforce growth hopes


  • Business
  • Wednesday, 23 Oct 2013

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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!
   

Next In Business News

Wall St set to rise ahead of speeches from Fed officials
Sarawak Cable finds new hope as alternative party is identified
Main Market-bound Feytech IPO public portion oversubscribed
Bursa lifts Awantec's affected issuer status
SC charges Pixelvest and former Infinity Trustee director with unlicensed capital market offences
Ringgit ends firmer against US dollar
InNature buys 'Burger & Lobster' franchise, eyes expansion into F&B Sector
Bank Negara fines Habib with RM96,250 for AMLA non-compliance
Pharmaniaga says 'stands firm' on financial recovery to exit PN17
Kobay gets UMA query from Bursa Malaysia

Others Also Read