Netflix Surges to Record as Users Shrug Off Higher Prices

Advances in Europe, Latin America drive growth past forecasts
Online service plans to release about 700 titles this year

Bloomberg Intelligence’s Paul Sweeney reacts to Netflix’s earnings.(Source: Bloomberg)

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By Lucas Shaw

April 16, 2018 at 8:20 PM UTC

Updated on

April 17, 2018 at 8:50 PM UTC

This article is for subscribers only.

Netflix Inc. used to worry it would alienate customers by raising prices for its streaming service. Not any more.

The company posted its strongest first quarter since going public 16 years ago, despite raising prices for most of its customers over the past several months. Los Gatos, California-based Netflix added 7.41 million users in the period, according to a statement Monday, easily topping analysts’ projections.