Thursday, January 19, 2017

Netflix Profit Rises 56 Percent, to $67 Million - The New York Times

Content rules; also see Why Netflix isn’t worried about GOP plans to weaken Net neutrality (The Washington Post)
"A year ago, Netflix boldly declared that it planned to conquer the global market for streaming television, adding more than 130 countries to its service map. It also promised to start delivering material profits in 2017 after operating at break-even profitability for several quarters.

On Wednesday, the company released business results showing that it is on its way to reaching those targets, even as competition accelerates from services like Amazon and Hulu.

Netflix added a record 7.05 million streaming members in the three months that ended Dec. 31, up from the 5.59 million net additions in the same period of 2015. That growth, in domestic and international markets, beat its forecast of 5.2 million new members for the quarter. Netflix now has a total of 93.8 million members."
Netflix Profit Rises 56 Percent, to $67 Million - The New York Times
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