Netflix shares raced higher in after-hours trade Monday as the streaming television giant reported better-than-expected gains in its global subscriber base and a quarterly profit that nearly tripled from a year ago.
The Nielsen company, which has long measured viewership of television programs, now says it has a way to collect and widely spread details about how many people watch programming produced by streaming services like Netflix ...
Netflix said Monday it added some five million new subscribers over the past three months as profits doubled, in a quarterly update that sent shares of the streaming video giant higher.
Shares of Netflix are streaming to new highs a day after the company announced its first true price hike in years.
Netflix is raising the price for its most popular U.S. video streaming plan by 10 percent— a move aimed at bringing in more money to outbid HBO, Amazon and other rivals for addictive shows such as "Stranger Things."
Netflix has lured Shonda Rhimes, the well-regarded creator of TV series "Scandal" and "Grey's Anatomy," from ABC, its latest big get as media companies old and new fight for viewers' attention.
Walt Disney Co. has the potential to shake up the television sector with its plan to offer direct-to-consumer streaming services and take on Netflix on its own turf.
Netflix announced Monday it was acquiring comic book publisher Millarworld, creator of popular series including "Kick-Ass" and "Kingsman."
Netflix on Monday reported that the number of subscribers climbed more than expected, topping 100 million worldwide and sending shares in the leading on-demand television service soaring.