SAN FRANCISCO: 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, …
Read More »Netflix revives growth as streaming TV war looms
October 17, 2019