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Netflix programming binge pays off with subscriber surge

Reuters 

By Lisa Richwine and Laharee Chatterjee(Reuters) - Netflix Inc's blitz of original programs 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.New shows like "Altered Carbon" and "O Mecanismo" helped Netflix smash analysts' subscriber estimates, and its better-than-expected second-quarter outlook soothed concerns about competition from Apple Inc and Amazon.com Inc. Shares of Netflix jumped more than 7 percent in after-hours trading on Monday to ...

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First Published: Tue, April 17 2018. 15:11 IST
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