dcsimg

Netflix Reaches 104 Million Subscribers

By HTMLGoodies Staff

WEBINAR:
On-Demand

Building the Right Environment to Support AI, Machine Learning and Deep Learning


Streaming service Netflix has announced that it added 5.2 million subscribers in the most recent quarter, bringing its total to 104 million subscribers. Those numbers were higher than analysts expected, which led to a 10 percent increase in the Web company's stock price.

Recently, Netfilx has been producing more original content. That strategy seems to be paying off because the company's second quarter revenues climbed 32 percent to reach $2.8 billion. Net income came in at $65.6 million, a 60 percent year-over-year increase.

The firm is also doing well overseas. More than half of its subscribers reside outside the U.S.

View article



Make a Comment

Loading Comments...

  • Web Development Newsletter Signup

    Invalid email
    You have successfuly registered to our newsletter.

    By submitting your information, you agree that htmlgoodies.com may send you HTMLGOODIES offers via email, phone and text message, as well as email offers about other products and services that HTMLGOODIES believes may be of interest to you. HTMLGOODIES will process your information in accordance with the Quinstreet Privacy Policy.

  •  
  •  
  •  
Thanks for your registration, follow us on our social networks to keep up-to-date