Netflix subscribers reach over 260 million, tops revenue estimates

04:58

More Videos

EU warns Bosnia and Herzegovina on US-backed pipeline project

Bosnia and Herzegovina is on track to reduce dependency on Russian gas

How much will Americans pay for war? | Inside America

America’s energy shift: The forgotten coal miners | My America

‘Take Me to America’ song unites the Balkans

Have Bulgarians voted for Radev or against the system?

Aid workers under fire: no end to impunity? | Bigger Than Five

A State of Passion | Storyteller | Teaser

Serbia’s secret arms deals with Israel exposed

Israel expands drone production into Serbia

Netflix subscribers reach over 260 million, tops revenue estimates

Shares of Netflix jumped in extended trading yesterday after the company reported higher-than-expected subscriptions during the fourth quarter. That represents a stronger growth than Wall Street expected as the streamer builds its ad-supported service and cracks down on password sharing. Netflix now has 260.8 million paid subscribers, a new record for the platform. While rivals in the streaming space have struggled to reach profitability, Netflix is prepared to invest in a larger slate. But it said it won't do that through acquisitions of traditional entertainment companies or linear assets, the company said in a letter to shareholders. The subscriber growth was driven by strong demand for shows including the final season of the royal drama 'The Crown' and David Fincher's 'The Killer'.