Netflix surprises with huge customer growth
Netflix surprised experts with an unexpected jump in subscriber numbers, making its stock the star of after-hours trading.
The online video store gained 3.2 million subscribers worldwide in the third quarter, as the US company announced on Monday. This is around 1.2 million more than analysts had predicted. Attracted by series such as "Stranger Things" and "Narcos", 370,000 viewers were added in the domestic market instead of the predicted 309,000. Revenue rose by almost 32 percent to 2.3 billion dollars. Netflix shares rose by 19 percent in after-hours trading. The US company has also been represented in Switzerland for around two years. In September, it announced a partnership with cable network operator UPC (formerly Cablecom). The new Netflix app will therefore also be installed on the UPC TV reception platform Horizon. (SDA)
