The international activities performed better than expected, growing by 1.8 million customers in three months to a total 6.12 million, ahead of Netflix's guidance of 5.2-5.9 million. Losses from the international activities were less than expected, at USD 105 million on revenues of USD 101 million. Netflix said the Nordic launch went well, but it does plan any further expansion until late 2013 or 2014.
In its home market the US, streaming customers by just over 2 million from September to 27.15 million, just ahead of the company's outlook. Profit from the US streaming activities rose to USD 109 million, on revenues of 589 million.
For the first quarter, Netflix said it expects net profit flat versus Q4, while free cash flow will be deeper in the red than the USD 51 million last quarter, due to costs for creating original programming. The company said it still has enough cash on hand for its business plans and may consider refinancing some debt to take advantage of low interest rates. Subscribers numbers are expected to grow to 28.5-29.2 million in the US and 6.6-7.3 million at the international activities.
