Netflix shares surge as membership numbers climb
Published on Jan 23, 2014 7:24 AM
SAN FRANCISCO (AFP) - Netflix shares jumped Wednesday after the streaming television and film service reported strong earnings and a surge in membership.
Shares of California-based Netflix were up more than 17 per cent to US$391.39 (S$500.52) in after-market trades that followed release of earnings figures for the final quarter of last year.
The number of Netflix members grew by 2.33 million to top 44 million and the rate at which it climbed was expected to continue in the opening months of 2014.
Netflix ended last year with 33.42 million members in the United States and a total of 10.93 million members in other countries, according to a letter to investors.
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