Netflix beats forecasts with 62 million streaming subscribers

April 15, 2015 11:46 PM

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(Reuters) - Video streaming pioneer Netflix Inc added more subscribers than projected in the United States and abroad during the first quarter, news that sent its shares up nearly 12 percent on Wednesday.

Net subscriber additions rose 22 percent year-over-year to 4.88 million in the March quarter, beating the company's forecast of 4.05 million.

Also read: Netflix subscriptions boom around world, shares jump 20 percent

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