Netflix Customer Gain of 2.05 Million Tops View; Shares Leap
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Netflix Inc., the world’s largest online-video service, posted an unexpected fourth-quarter profit after subscriber growth beat its forecast, sparking a 34 percent rise in the stock.
Netflix signed 2.05 million new U.S. Internet subscribers in the fourth quarter, bringing the total to 27.2 million domestic online customers, according to a website statement today. The gain led to a quarterly profit of 13 cents a share, compared with analysts’ predictions of a loss.