Netflix reverses subscriber slump, shares surge 10% ...Middle East

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Netflix reverses subscriber slump, shares surge 10%
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Netflix Inc reversed customer losses and provided a slightly more bullish outlook than Wall Street expected, projecting a new ad-supported streaming option would help attract 4.5 million subscribers by year's end. Shares of Netflix jumped 10% in after-hours trading on Tuesday to $265.00. The company's stock, an investor favorite during its years of rapid growth, had fallen nearly 60% this year before the earnings report.

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