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News: New Media

THR - Netflix Third Quarter Earnings Beats Expectations; Stock Soars 10 Percent

Monday, October 21, 2013   (0 Comments)
Posted by: Andrew Mahlmann
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Third quarter earnings were released today for Netflix and the results were slightly better than the already favorable projections.  With the success, Netflix anticipates doubling its original content in 2014.

Netflix on Monday said it earned 52 cents per share, up from 13 cents a year ago, on revenue totaling $1.106 billion, up from $905 million in the same quarter last year.

The company reported having 31.45 million U.S. subscribers.

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