Netflix released its earning yesterday and the market was evidently impressed. Want the gist? The world’s leading online TV network and video service crossed the $100 billion in market value for the first time ever. Its fourth quarter earnings report surpassed estimations, showing that sales increased by a third and earnings nearly tripled. Forecasts suggest that the company expects to continue to impress in 2018.
The biggest news though was subscriber growth. Netflix reported an addition of 24 million subscribers in 2017 – a record yearly addition. In total, the company has 117.6 million subscribers.
According to Bloomberg, the shares rose to $246.55 in late trading. If this remains when market opens on Tuesday, it marks an all-time record for Netflix.
Netflix shares have started 2018 with a bang, soaring over 22% since December 27th. What will happen today when market opens? Stay informed.
Remember: At iFOREX you have the opportunity to invest in Netflix share CFDs, as well as in hundreds of other CFD instruments. You can always choose to short or long your position, potentially taking advantage of any price change – up or down.
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