Ron Burgundy Posted October 18, 2016 Share Posted October 18, 2016 (This version of the October 17 story corrects reference to past quarters in second paragraph) By Lisa Richwine and Rishika Sadam (Reuters) - Netflix Inc added over 50 percent more subscribers than expected in the third quarter as original shows such as "Stranger Things" drew new international viewers and kept U.S. customers despite a price hike, sending its shares soaring 20 percent in late trade. Netflix, which has spent heavily to expand outside its home market, also said that it was on track to start harvesting "material global profits" next year, even as it raised spending on original programming. Shares of Netflix rose to $119.82 in extended trade from a close of $99.80. View the full article Quote Link to comment Share on other sites More sharing options...
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