Netflix Is Booming Outside of America
- Online service shows accelerating growth at home and abroad
- Second-quarter sales top estimates, profit is 1 cent short
Why Reed Hastings Should Be Very Scared of Amazon
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Netflix Inc. shares soared after the streaming-video provider scored a record second quarter, surpassing forecasts for subscriber growth and boosting its international audience past the domestic total for the first time.
Investors continue to forgive minuscule profit for growth in subscribers, which soared to almost 104 million in the period. The company’s stock price jumped as much as 9.7 percent to $177 Tuesday in New York, its biggest increase since October. Netflix shares have risen 78 percent in the past year.
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Netflix Is Booming Outside of America