Netflix rises 10% after results announcement, before opening of Wall Street

Netflix shares rose more than 10% this morning in pre-opening electronic trading on Wall Street, after yesterday it announced better-than-expected quarterly results.

The television platform added 2.4 million new users between July and September, according to its latest quarterly account report, which exceeded the company’s own expectations, since it had planned to increase its customer base by just one million subscribers .

The “streaming” giant has achieved US$1,398 million in net profits in this period and has managed to reverse the trend that it had been dragging in recent months, with a constant loss of clients that led its stock price to suffer the greatest collapse of its history.

Already yesterday, the price of Netflix, which announced its results after the close of trading activities, rose 10% in operations after the tolling of the Wall Street bell.

The company’s jump contrasts with the main indices of the New York Stock Exchange, which minutes before the opening were in the red.

With information from EFE