• Netflix's surprising subscriber growth pushes stock higher

    5 days ago - By VentureBeat

    Netflix delivered stronger-than-expected growth in subscribers in the second quarter, pushing the stock up as much as 9.7 percent in after-hours trading after it reported earnings for the quarter.
    Net new streaming subscribers grew by 5.2 million to 103.95 million. Netflix said 1.07 million of those net new subscribers were in its domestic market and 4.14 million were in overseas markets. FactSet had estimated growth of total net new subscribers at 3.23 million, with 631,000 in the U.S. and 2.59 million overseas.
    The company surpassed those estimates by a good margin. As a result, Netflix...
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