Netflix Shares Surge 14.3% in Frankfurt Amid Record Subscriber Growth
In Frankfurt, Netflix shares experienced a notable 14.3% surge in early trading Wednesday. This growth follows Tuesday's announcement by the streaming giant that its holiday quarter saw a record number of new subscribers.
After adding approximately 18.9 million subscribers during the fourth quarter, Netflix plans to implement price increases in the U.S., Canada, Portugal, and Argentina. This move comes on the heels of a 10% increase in after-hours trading on Tuesday and a 1.35% gain in regular trading.