Netflix added 7.1 million new subscribers
Netflix Inc. managed to add in the last quarter of 2016 more subscribers than expected. This made the Netflix shares to increase with 8% in afterwards tradings.
Netflix added 7.1 million new subscribers all over the world, outdoing the expectations of many analysts.
Netflix declared that 5.1 million subscribers are from outside the United States, while 1.9 million subscribers are within United States.
Netflix declared that it will release more than 1,000 hours of new programs that are originals, compared to 600 hours, in 2016.
For example, Netflix signed a contract with Jerry Seinfeld, an American comedian, to stream "Comedians in Cars Getting Coffee", a Jerry Seinfeld show, plus two more stand-ups.
Netflix rose 8.2% and increased $5 billion in Thursday's trading.
Netflix is now expected to increase by $2 billion in 2017.
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