Why Netflix Shares Are Surging After Releasing Latest Earnings Report

The transcript discusses Netflix's performance, highlighting investor concerns about potential poor quarterly results. Despite missing expectations in the US, Netflix exceeded them internationally, indicating strong growth overseas. The company plans to break down subscriber numbers by region, showing confidence in its international markets. Domestically, Netflix has surpassed 60 million subscribers but faces challenges due to increased competition from companies like Disney and Apple. Revenue per customer has increased, suggesting successful price hikes without significant subscriber loss.

What was the projected subscriber range for Netflix in the US according to Reed Hastings?

What challenges does Netflix face in the US market moving forward?