Netflix adds more subscribers than expected, shares hit record

Netflix adds more subscribers than expected, shares hit record

Netflix adds more subscribers than expected, shares hit record

Reuters) – Netflix Inc added more subscribers than expected around the world in the third quarter and projected growth in line with Wall Street forecasts, saying it had a head start on rivals as internet television explodes globally.Shares of the world’s leading online video streaming service touched a record high on Monday and rose a further 1.2 percent after hours to $205.07. They are up about 64 percent this year.For the third quarter, Netflix added 5.3 million subscribers in all its markets, compared with Wall Street’s target of 4.5 million, according to FactSet. Netflix forecast 6.3 million additions for the current quarter, just above analysts’ average estimate of 6.25 million, which would bring its global customer base to nearly 115.6 million.

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