+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Netflix just launched in 130 more countries, and the stock is soaring

Jan 6, 2016, 23:23 IST

Maya Kosoff

Netflix just went live in 130 new countries, a significant expansion of the online video service's reach that cheered investors.

Advertisement

Shares of Netflix popped nearly 6% on Tuesday after CEO Reed Hastings announced the new markets during a speech at the Consumer Electronics Show in Las Vegas. Hastings said Netflix was live in 60 countries before the keynote speech but by the end was live in 130 more.

Among the countries getting Netflix for the first time: Azerbaijan, Vietnam, India, Saudi Arabia, Singapore, Turkey, and Indonesia.

One big country missing from the list, however, is China, the world's largest market by internet users.

Hastings said Netflix was not coming to China yet but hoped to be there soon.

Advertisement

Here is a chart showing the stock bump:

Yahoo Finance

NOW WATCH: Reruns on cable are not the same as the originals - check out these differences

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article