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Netflix Stock Rises on Subscriber Growth and Leadership Shuffle

David Marino-Nachison
·1 min read
Netflix Stock Rises on Subscriber Growth and Leadership Shuffle

Netflix shares are gaining Friday, after the video-streaming giant unveiled a leadership shuffle and better-than-expected subscriber growth. The shares were up 6.7% in recent premarket trading, echoing aftermarket gains Thursday. The key takeaways from its results: + It signed up 7.7 million new paid subscribers, vs. an estimated 4.6 million; the company guided investors toward 4.5 million + Co-founder Reed Hastings is moving from the co-chief executive role to become executive chairman. Greg Pe

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