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Netflix Adds 9.3M Subscribers In Another Strong Quarter
In its latest strong quarterly report, Netflix said it added 9.3 million subscribers and exceeded several financial targets.
Two years after the company was on its knees, with a subscriber base in decline and competition closing in, Netflix has come roaring back. Its stock has recently topped $600 a share, and many Wall Street analysts have upped their 12-month price targets, with some pegging it at $700 or higher. Just a few quarters after its crossroads, Netflix has emerged the unquestioned leader in streaming, with rivals still reckoning with how to catch up to it.
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