Netflix adds nearly 5 million subscribers in quarter

April 15, 2015 8:09 PM

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Netflix, the online video streaming service, reported revenues of $1.57 billion in the first quarter, on earnings of 38 cents per share, lower than analyst projections.

Analysts had expected earnings of 69 cents per share, according to Thomson Financial. The results compare to $1.27 billion and 86 cents per share in the year-ago quarter.

Also read: Netflix Signs ‘Scandal’ Creator Shonda Rhimes Away from ABC, as Battle for Talent Escalates

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