At its after-hours trading peak on Monday, the Netflix share price rose by more than 20 percent. On the back of stronger than expected Q3 results, the online streaming service seems to have lifted some of the pressure it has been facing recently. With question marks over the company's international prospects and worries about the 5 billion dollars pencilled in for investment in programming for 2016, shareholders will be pleased to see international paid-subscriber growth of 2.9 million, and a healthy level of net income within the latest earnings report.
As the infographic below shows, net income for 2016 is already hovering just below the total figure for 2015, at 120 million U.S. dollars. Having broken even for the first time in 2003, Netflix experienced year on year growth in profits up to 2012 where upon their shift from DVD to online streaming really took hold, hugely denting profits but paving the way for the company we know today.
Netflix Posts A Strong Q3
Q3 Earnings Report
