NETFLIX has reported that its number of subscribers climbed more than expected, topping 100 million worldwide and sending shares in the leading on-demand television service soaring. Most of the subscriber growth came from outside the US, where Netflix has invested heavily in establishing itself as a global television service. Profit was up 61 percent to $66 million, Netflix said. Netflix forecast that it would add 3.65 million more subscribers around the world in the current quarter. Content chief Ted Sarandos cited matching shows to local tastes as a key to winning subscribers, saying that Netflix planned to invest more time and energy in Asia.

Source: Manila Times July 18, 2017 01:52 UTC