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Posted by on Oct 24, 2012 in Companies |

Profits rise and Netflix users

Profits rise and Netflix users

The penultimate Netflix’s financial results , for the second fiscal quarter of the year (Q2, ie April, May and June), showed that the company enjoys a healthy boost in terms of economic gains and number of users subscribed to the service, in contrast previous periods where the company was losing with your project.

Now, we have been presented the latest figures for the third fiscal quarter of the year (Q3), which are positive and start again with a growth of only two million subscribers during this period, completing 29 million customers worldwide, 25.1 million of whom live in the U.S. and in Latin America 1 million lives.

Regarding the region, said it “will take longer than we had planned to achieve gains in Latin America, but we are confident that this will be a very large and profitable market in the long term.”

As for money, total were $ 905 million, registering net profits directly to the pocket of $ 8 million, thanks to customers who have consumed about 3,000 million hours of content, TV shows considering two thirds of the total of this figure, revealing, for example, a great success in the segment of the television series between Netflix programming grid.

Link: Netflix Q3 2012 earnings: 2 million more subscribers worldwide streaming, $ 8 million net income (Engadget)

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