Netflix soars as earnings highlight dominance in 'streaming wars'

Netflix witnessed a 10% surge on Wednesday, fueled by robust subscriber growth that solidified investor confidence in the company's triumph in the streaming wars. The boost was attributed to Netflix's crackdown on password-sharing and a compelling content lineup. If premarket gains are sustained, the streaming pioneer is poised to increase its market value by approximately $20 billion, given its share price of $542 before the market opening.