Netflix Reports Surprisingly Strong Quarterly Profit with Increased Customer Growth

Fighting credential sharing and getting cheaper ad-supported subscriptions has given Netflix a surprisingly strong quarterly profit. In the past few months, 5.9 million customers have been added. That’s a good three times as much as expected. Net income of $3.29 per share was a half dollar above the average analyst forecast.

“While we’ve made steady progress, we still have more work to do to accelerate our growth,” the company said. Sales of $8.187 billion were slightly below market expectations.