Tag: tv war

Netflix revs up growth as streaming TV war looms

by Glenn CHAPMAN Agence France Presse San Francisco, United States (AFP) — Netflix shares rallied Wednesday after its latest quarterly update showed robust subscriber growth and better-than-expected profits ahead of a major escalation in the streaming television war. Netflix reported a net income of $665 million in the recently ended quarter, jumping up from $403 million in the same period last year and topping most analyst forecasts. Revenue and subscriber growth, however, came in just […]