Pursuits
Netflix Soars Most Since April 2013 on Profit Talk, Rollout
This article is for subscribers only.
Netflix Inc.’s $9.5 billion drive to dominate video streaming worldwide is paying off.
Investors sent the shares surging 17 percent to $409.28 at the close in New York, after Netflix said yesterday it will profitably reach all 200 of the countries that have broadband Internet service within two years. That’s the biggest jump since April 2013, when better-than-expected subscriber growth boosted the stock. Netflix has gained 20 percent this year.