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Netflix posts strong customer growth in Q1, sees slow Q2

Tuesday 19 April 2016 | 08:32 CET | News
Netflix announced first-quarter results better than expected but gave a cautious outlook for the second quarter. The company added 2.30 million new streaming customers in the US and 4.51 million at its international activities, beating its own guidance of respectively 1.75 million and 4.35 million. The total number of streaming subscribers reached 47.0 million in the US and 34.5 million elsewhere, while the company also still had 4.7 million DVD rental customers. Revenues increased 24 percent to USD 1.96 billion in Q1, with growth of 17 percent in the US and 57 percent at the international

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Categories: Internet
Companies: Netflix
Countries: World
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