Netflix shares surge as customer base grows

Rueters: LOS ANGELES (Reuters) - Netflix Inc reversed a customer slide by adding more than 600,000 new U.S. subscribers in the fourth quarter, and its revenue beat Wall Street expectations, pushing shares up 13 percent.

The video rental company, which revolutionized the home video industry but in 2011 outraged customers with a surprise price hike and a botched attempt to split off its DVD-mail service, posted a 47 percent leap in fourth-quarter revenue to $876 million.

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