Global subscriber growth eases Netflix investors’ worries

The Netflix logo on their office in Los Angeles, California, the US. Picture: REUTERS/LUCY NICHOLSON

After a disappointing quarter three months ago, investors came in with lower expectations this time around. And Netflix cleared that bar, sending the shares up as much as 11% in late trading. International markets account for almost all of Netflix’s growth — and most of its total customers. Gains in the US past quarter amounted to just 520,000 new accounts. A new season of , a Spanish heist series, boosted interest abroad, especially in Latin America and Europe., meanwhile, was viewed by 64-million people in its first four weeks, the most-watched series to date. The teen science-fiction show, now in its third season, is the service’s biggest hit at home.

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