Netflix Soars on Biggest Spike in New Subscribers Since Pandemic

Netflix Inc. shares surged after the streaming giant reported its best quarter of growth since viewers were stuck at home in the early days of the pandemic.

The company signed up 13.1 million new customers in the final three months of 2023, exceeding Wall Street’s estimate of 8.91 million and beating projections in every region of the world. Netflix added more than 5 million customers in Europe, the Middle East and Africa alone. Sales rose to $8.83 billion, the company said Tuesday, also topping forecasts.

The stock rose as much as 14% to $559 in New York on Wednesday morning, ...