Thursday, January 23, 2014

Netflix Subscribers Stream In, With No Sign of Slowdown - Businessweek

Netflix continues to defy gravity

"The video subscription service added 2.3 million subscribers in the fourth quarter, including free trial subscriptions, giving it a total of 33.4 million in the U.S. That was enough to top the 33.1 million average of 10 estimates compiled by Bloomberg.
Netflix said Wednesday that it expects to sign up another 2.25 million subscribers in the first quarter, with “years of member growth ahead of us,” according to a company letter to shareholders. Netflix shares soared nearly 18 percent in trading after the market’s close, following a 1.5 percent gain to $333.73 in the regular session."
Netflix Subscribers Stream In, With No Sign of Slowdown - Businessweek

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