Netflix revenue rises 22.8 percent, adds more international subscribers

January 19, 2016 9:16 PM

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Netflix revenue rises 22.8 percent, adds more international subscribers

Video-streaming service Netflix Inc (NFLX.O) reported a 22.8 percent rise in revenue and added more subscribers than projected internationally for the fourth quarter, as its plan to expand globally pays off.

The company said on Tuesday it added 1.56 million U.S. subscribers in the fourth quarter ended Dec. 31, below the 1.65 million it forecast in October.

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