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Netflix Rises Most Since January on Booming Overseas Growth

  • Company restores faith ahead of challenges from Disney, Apple
  • ‘We’ll continue to grow nicely’ in the long term, Netflix says
Netflix on an Apple laptop.

Netflix on an Apple laptop.

Photographer: Gabby Jones/Bloomberg
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Netflix Inc. jumped the most in nine months after its third-quarter results allayed concerns about looming competition from Walt Disney Co. and Apple Inc.

The company added 6.77 million subscribers in the third quarter, with stronger-than-expected growth overseas, it said Wednesday after markets closed. Earnings also topped Wall Street estimates, letting investors overlook a tepid forecast for the final quarter of the year.