Netflix continues its global expansion with plans to add Italy, Portugal and Spain to the company’s membership roster by October this year. That will make more than 50 countries where the streaming service will be available. Netflix shares closed at a record high of $633.22 Friday, up 85% this year.
Netflix had 62.3 million subscribers worldwide as of the end of March, including 20.9 million outside the U.S. Growth has leveled off in the U.S. but the company is expanding rapidly internationally and hopes to be in 200 countries worldwide within 2 years. Netflix currently is available in the U.S., Canada, U.K., Europe, Mexico, Australia, New Zealand and Latin America.