Netflix Membership Soars Past 60 Million

April 16, 2015 1:37 AM

64 0

Netflix posted a 24% sales gain in the most recent quarter as the video streaming company’s subscriber base topped 60 million worldwide. However, an unfavorable exchange rate caused profits to dip. Here are the key points from Wednesday’s first-quarter earnings report.

What you need to know: Improving quarterly revenue by nearly 24% year-over-year rarely qualifies as a disappointment, but, in Netflix’s case, the company merely met Wall Street’s lofty expectations. Netflix reported $1.57 billion in quarterly revenue, in-line with analyst predictions, according to T...

Read more

To category page