Netflix passes 50 million member milestone in 2nd quarter
Shares jump as streaming service announces $71 million in profit
“Netflix announced it has more than 50 million members in 40 countries worldwide as it released its second-quarter earnings today.
And it’s going after more, announcing it will launch in September in Germany, France, Austria, Switzerland, Belgium and Luxembourg.
Netflix reported a profit of $71 million US, or $1.15 a share in its second quarter. That’s up from $29.5 million, or 49 cents a share, a year earlier. Revenue increased to $1.34 billion from $1.07 billion.”
Netflix Revenue Passes HBO’s Subscriber Revenue For The First Time Ever
Read more: http://www.businessinsider.com/netflixs-subscriber-revenue-matches-hbo-2014-8#ixzz39i6c98o0
Stephen
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