Netflix shares at all-time high as investors cheer…
Shares of Netflix soared 13% to an all-time high on Wednesday after the streaming giant’s huge guess on sports activities helped add a report 18.9 million subscribers within the vacation quarter, ballooning its already sizeable benefit over different gamers.
The company additionally unveiled price hikes on Tuesday in markets together with the US, aiming to spice up income simply as it shifts focus from subscriber growth to different efficiency metrics such as gross sales.
“We thought it was a typo. Netflix defied the percentages as soon as again, delivering subscriber additions far past even probably the most unreasonable…
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