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Netflix to expand further after passing 50 mln customers

Tuesday 22 July 2014 | 08:55 CET | News
Netflix reported second-quarter results slightly better than expected, while announcing the milestone of 50 million subscribers for its streaming video service. The group's streaming revenues rose to USD 1.146 billion from USD 837 million a year ago, as the number of subscribers hit 50.05 million at the end of June. Net profit more than doubled to USD 71 million or USD 1.15 per share, better than the company's outlook of USD 69 million and EPS of USD 1.12. Netflix's growth was driven by its international activities, with the net addition of 1.12 million new streaming customers for a total

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Categories: Internet
Companies: Netflix
Countries: Europe / World
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