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Netflix enchants Wall Street: "beautiful" accounts and the stock soars

Netflix enters the Olympus of companies with a market capitalization of more than 100 billion dollars.

Netflix enchants Wall Street: "beautiful" accounts and the stock soars

Wall Street in raptures for Netflix. The boom in subscribers, the investments announced and the excellent quarterly report published yesterday after the markets were closed were rewarded by international investors who, within a few hours, allowed the streaming TV giant to enter the Olympus of global companies with a market capitalization of more than 100 billion dollars.

The excitement on the Nasdaq shows no sign of stopping: yesterday's session, January 22, ended for Netflix with a rise of 3,23% to 227,58 dollars, with investors already confident in the excellent results published shortly after. But the real downpour of buying came after the market, when the stock jumped 9%.

Today, less than half an hour after the opening of the American Stock Exchange, Netflix shares jump 10,6% at 251,8 dollars with a capitalization of 108,578 billion, an absolute record for the microblogging site. Since the beginning of the year, the increase is close to 30%.

In the last “beautiful” (as the company defined it) quarter of 2017, Netflix got a whopping 8,3 million users more (of which 6,3 million are international), reaching a total of 117,6 million. During the same period revenues grew 33% to $3,29 billion, with profit more than doubling to $185,5 million from $66,7 million in the same period last year.

Netflix also plans to invest between 2018 and 7,5 billion dollars for 8 for the production of original content.

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