The Traderszone Network

Published in TZ Latest News 15 July, 2015 by The TZ Newswire Staff

Netflix soars on strong audience growth, Q2 profit beat

The results highlight Netflix’s progress in building the first global Internet TV channel, as subscriber gains overshadowed concerns about expansion costs. “Netflix is a subscriber momentum story,” said Paul Sweeney, a Bloomberg Intelligence analyst. Netflix, which split 7-for-1 Wednesday, rose 10 percent to $107.99 in extended trading after results were announced.