Netflix plans price hike to offset content costs

Tuesday 22 April 2014 | 08:48 CET | News
Netflix added 4.0 million new customers in the first quarter, slightly more than expected, for a total 48.35 million streaming subscribers at the end of March. Its base rose by 2.25 million in the US to 35.67 million and increased by 1.76 million abroad to 12.68 million. The company passed USD 1 billion in streaming revenue in the quarter, up from USD 781 million a year earlier, and operating profit jumped to USD 98 million from USD 32 million a year ago. Net profit of USD 53 million or 86 cents a share was better than its outlook for stable profits versus Q4. Netflix warned that it expects

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Comcast / Netflix / Time Warner Cable / TiVo
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Netflix increases price of Standard plan in Belgium, NL

Published 18 Aug 2015 10:12 CET | Belgium
Netflix is going ahead with a price increase for customers in the Netherlands and Belgium. The price of a Standard subscription ...

Netflix adds 13 mln subs in 2014, plans global expansion

Published 21 Jan 2015 08:48 CET | World
Netflix announced plans to accelerate its international expansion, after adding 13 million new customers in the past year. The ...

Netflix secures exclusive rights to Gotham series

Published 03 Sep 2014 09:47 CET | World
Netflix announced an exclusive agreement with Warner Bros. to show its upcoming series Gotham. Netflix will have the exclusive ...

Netflix agrees peering with AT&T

Published 30 Jul 2014 08:47 CET | United States
Netflix has reached a new peering agreement to the improve the delivery of its streaming service in the US, this time with ...

Netflix to expand further after passing 50 mln customers

Published 22 Jul 2014 08:55 CET | Europe
Netflix reported second-quarter results slightly better than expected, while announcing the milestone of 50 million subscribers ...

Netflix confirms price hike for new customers

Published 09 May 2014 13:21 CET | Europe
Netflix has confirmed an increase in prices for new customers in Europe and the US. The company signaled at its last earnings ...

Netflix strikes interconnect deal with Verizon

Published 29 Apr 2014 10:18 CET | United States
Netflix announced an agreement with Verizon to improve delivery of its streaming video service to Verizon broadband customers. ...

Netflix strikes first cable STB deal in US - report

Published 25 Apr 2014 10:38 CET | United States
Netflix has reached an agreement with US cable operator Atlantic Broadband to integrate its streaming service as an app on TV ...

Netflix Q1: hoge groei houdt aan, verdere expansie op komst

Published 22 Apr 2014 15:59 CET | World
Netflix heeft de resultaten over het eerste kwartaal bekend gemaakt. De omzet steeg met 24 procent tot 1,27 miljard US dollar. De ...

Netflix boekt 53 miljoen dollar winst in Q1

Published 22 Apr 2014 00:07 CET | World
Netflix heeft over het eerste kwartaal van dit jaar een omzet gerealiseerde van 1,2 miljard dollar, 200 miljoen dollar meer dan ...

Cablevision leads Netflix ISP Speed Index in March

Published 14 Apr 2014 20:18 CET | United States
In the US, the average speed on the Comcast network for Netflix streams is up 65 percent from 1.15Mbps in January to 2.5Mbps in ...

Without regulation, peering market will fail and OTT sector suffer

Published 01 Apr 2014 15:48 CET | United States
Net neutrality remains a well-intentioned concern throughout Europe and the US. In the US, a recent court ruling means that the ...

Netflix calls for ISPs to back true net neutrality

Published 21 Mar 2014 09:08 CET | United States
Netflix has come out against ISPs that charge for better access to their customers and called for more internet providers to ...

Comcast, Netflix sign multi-year interconnection deal

Published 23 Feb 2014 19:20 CET | United States
Netflix will provide improved video services to Comcast's US broadband customers after the companies signed a mutli-year ...

Netflix raises USD 400 mln in bond issue

Published 05 Feb 2014 09:02 CET | World
Netflix has raised USD 400 million in an issue of senior notes at 5.75 percent, due 2024. Netflix said it will use the proceeds ...

Netflix adds 4 mln customers in Q4, plans Europe expansion

Published 23 Jan 2014 08:42 CET | World
Netfix reported better-than-expected results for the fourth quarter, adding 3.85 million new customers for a total of over 44 ...

Netflix to premier Epic Adventures of Marco Polo this year

Published 15 Jan 2014 08:52 CET | World
The epic adventures of Marco Polo will premiere exclusively for Netflix members to watch instantly in all Netflix territories in ...

Netflix ends poison pill plan

Published 31 Dec 2013 09:06 CET | World
Netflix announced that its stockholder rights plan has been amended to accelerate the expiration date to 30 December, effectively ...

Netflix to launch series "Better Call Saul" in 2014

Published 17 Dec 2013 19:35 CET | World
Netflix and Sony Pictures Television have announced "Better Call Saul," the spin-off of "Breaking Bad," will be available ...

Netflix to launch original series "BoJack Horseman" in 2014

Published 12 Dec 2013 15:04 CET | World
Netflix has announced that the twelve episode Netflix original series "BoJack Horseman" will launch for all Netflix territories ...

Netflix begins testing 4K HD video content

Published 05 Nov 2013 15:16 CET | World
Netflix has added a number of 4K HD videos to its catalogue in preparation for a more extensive launch of ultra high-definition ...

Icahn sells half of Netflix stake for USD 1 bln

Published 23 Oct 2013 09:14 CET | World
Carl Icahn has sold more than half his stake in Netflix for nearly USD 1 billion, the Wall Street Journal reported. The investor ...