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Wednesday, October 19, 2016

Netflix Shares Soar By 20% After Increased Worldwide Subscriptions

Netflix (US television service) - of the infamous "Netflix and chill" - is known worldwide as the No 1 Movie/TV shows streaming platform, and has just posted a quarterly financial report that puts a shush on growth concerns.
Image result for netflix and chill image
Netflix shares has seen a rise of up to 20% (now $119.60) with revenue now hitting above $2 billion for the first time (a 39% increase from recordings from the previous year).
According to its official report, Netflix has
gained an additional 3.57 million paid subscribers (mostly outside the U.S) in the quarter.
Netflix has recorded a stunning 86.74 million subscribers, with 39.25 million subscribers being international.
Netflix remains optimistic of the present quarter, with a 5.2 million subscribers gain expected (3.75 million coming from outside the US).
Netflix credited a strong line-up of original programming including “Stranger Things” and “Narcos” with helping win fans to the service. 
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