A great day for Netflix.
Stock for the Los Gatos-based company soared to an all-time high Wednesday.
Netflix said it added 4.9 million subscribers in the first three months of the year, better than any other quarter since the company started streaming video eight years ago. All told, Netflix finished March with 62 million subscribers around the world. Traders drove the company's stock up $86.59, or 18 percent, to $562.05, the biggest gain in the S&P 500.
Information from the Associated Press was included in this report.
. @Netflix worth more than @CBS, @Viacom or @DiscoveryComm after $NFLX stock spikes http://t.co/ZXrPrADY4f pic.twitter.com/RG8zw2XvL0 — Variety (@Variety) April 16, 2015
