Streaming

Netflix beats Wall Street expectations with big surge in customer sign-ups

Shares of Netflix are up 38 per cent in the past year through the close on Tuesday

Netflix’s strong performance stands in sharp contrast to many of its competitors in Hollywood

Shares in Netflix rose as much as 11 per cent to $539 in premarket trading in New York on Wednesday after the company surprised Wall Street with the number of customers it has managed to sign up recently.

Netflix signed up 13.1 million customers in the final three months of 2023, the streaming giant’s best quarter of growth since viewers were stuck at home in the early days of the pandemic.

The strong tally exceeded ...