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Netflix says it now has 104 million subscribers worldwide

From BBC - July 17, 2017

Netflix shares surged on Monday after the firm said it now has about 104 million subscribers, a larger-than-expected number that boosted its revenues.

The firm reported $2.8bn in quarterly revenue, up more than 32% from the same period in 2016.

It said it expects revenue to reach nearly $3bn in the third quarter.

The firm's share price jumped more than 10% in after-hours trading.

Netflix said it had quarterly profits of $65.6m, up about 60%.

The company added about 5.2 million members during the quarter, most from overseas.

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