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Netflix shares surge to all-time high as subscriptions blast past expectations

Annlee Ellingson
American City Business Journals

Netflix Inc. shares closed at an all-time high of $227.58 and surged in after-hours trading after the company announced much better-than-expected subscription growth in the fourth quarter. Netflix (NFLX) met analyst expectations with fourth-quarter net income of $186 million, or 41 cents per share, on revenues of $3.3 billion — up by a third over the same time frame the year before. In 2017, Netflix added 24 million new memberships, compared to 19 million in 2016.