Netflix now has more subscribers internationally than in the US
New York — Netflix shares soared on Tuesday after the streaming-video provider scored a record second quarter, surpassing forecasts for subscriber growth and boosting its international audience past the domestic total for the first time. Investors continue to forgive minuscule profit for growth in subscribers, which soared to almost 104-million in the period. The company’s stock price jumped as much as 9.7% to $177 on Tuesday in New York, its biggest increase since October. Netflix shares have risen 78% in the past year. The company’s second-quarter results, released on Monday after the market closed, shows how the streaming video giant has begun to reshape the TV business overseas just as it has at home. Netflix’s blend of TV shows, movies and stand-up comedy has started to catch on in some of the biggest countries in the world, from Brazil to the UK. The company will be in at least 20% of broadband households in five of its largest markets outside the US by the end of 2017, accord...
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