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Netflix beats Q4 outlook with strong int'l customer growth

Thursday 19 January 2017 | 08:12 CET | News
Netflix reported better-than-expected results for the fourth quarter, led by strong subscriber growth outside the US. The company added 1.93 million news treaming customers in the US and 5.12 million elsewhere, compared to its forecast for net additions of 1.45 million in the US and 3.75 million abroad. Netflix finished the year with a total 93.8 million streaming customers, of which 47 percent are outside the US. Revenues and profit also beat expectations. Streaming revenue rose 41 percent year-on-year to USD 2.351 billion, ahead of the company's guidance of USD 2.344 billion, and the

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Categories: Internet
Companies: Netflix
Countries: World
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