Netflix keeps growing in pandemic, tops 200 mn subscribers

San Francisco (AFP) – Netflix on Tuesday delivered stronger-than-expected subscriber growth in the past quarter, keeping ahead of new streaming rivals competing for viewers stuck in their homes during the coronavirus pandemic. The streaming television leader added some 8.5 million paid subscribers in the quarter to reach 203 million, topping 200 million despite recent price hikes, its quarterly earning update showed. Netflix shares jumped more than 12 percent in after-market trades following the release. Profits dipped to $542 million in the fourth quarter, compared with $587 million in the sa…

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