Netflix profit exceeds estimates

The first financial report released by Netflix this year shows that the company is doing well, even exceeding analysts’ expectations.

In the period ended in March, the virtual rental company profited US $ 53 million, an expressive increase compared to the US $ 3 million a year ago. There was a US $ 0.86 profit per share, while Reuters provided for $ 0.83.

The numbers match the success that Netflix has made. In the United States alone, the service has won 2.25 million customers in the past three months; the company has 35.7 million subscribers in the country and another 12.7 million worldwide (an increase of 1.8 million in the quarter).

Yesterday, when he talked about the results, the rental company took the opportunity to inform that he should soon raise the price of his subscription. Find out more here.


Leave a Comment