Monday 1 February 2016

Netflix share prices soar as company reaches nearly 75m subscriptions

The popular streaming video service outdid Wall Street expectations for the quarter by a full five cents per share and added 5.59 million new viewers.
Netflix streaming TV subscribers fourth quarter
Everybody worried about Netflix can chill: the company added more subscribers than expected at the end of last year and its sky-high share price soared another 9% on the news.In the company’s fourth-quarter 2015 results, it outdid Wall Street expectations by a full five cents per share and added 5.59 million viewers, boosting worldwide subscriptions to nearly 75m.The popular streaming video service used its better-than-expected earnings report to fire back at NBCUniversal, which published its own estimates of the ratings-shy video provider’s shows earlier this month.The netflix has come but none would of thought it be this succesful as it taken renting DVD stores out of business.People will like to pay monthly to watch movies and series out home due to new and digital media.

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