Netflix adds 19 million subscribers surpassing 300 million total, hikes prices in US, shares jump 14%

Streaming giant Netflix on January 21 released its October-December quarter results, reporting that it added close to 19 million subscribers during the holiday period to surpass 300 million subs in total, AFP reported. It also announced a hike in prices for customers in some countries, including the United States.

The stock reacted positively, jumping by more than 14 per cent to $993 in after-market trade, the report added.