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Netflix original shows lure more new subscribers than expected


By Lisa Richwine and Laharee Chatterjee(Reuters) - Netflix Inc's blitz of new programming attracted a surprisingly high 7.4 million new customers from January to March, reassuring investors who are betting the video streaming pioneer's massive spending will fuel growth around the world.Shares of Netflix jumped more than 7 percent in after-hours trading on Monday to $330.30. They are up 65 percent this year.Wall Street expected Netflix to add 6.5 million new subscribers, according to FactSet data. Netflix topped that and also said it would bring in 6.2 million more customers from April ...

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First Published: Tue, April 17 2018. 02:16 IST