Netflix programming binge pays off with subscriber surge
Updated : April 17, 2018 03:26 PM IST
Shares of Netflix jumped more than 7% in after-hours trading on Monday to $330.30. The stock is the top performer on the S&P 500 this year, gaining more than 60%.
Wall Street expected Netflix to add 6.5 million new subscribers, according to FactSet data.
Netflix topped that and also said it would bring in 6.2 million more customers from April through June, 1 million more than analyst predictions.
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