Today's Hard|Forum Post
Today's Hard|Forum Post

Tuesday October 23, 2012

Netflix Q3 Earnings A Return To Profitability

Whoa, I can't believe my eyes! It looks like Netflix finally has some good news!

Netflix saw a return to profitability and more than half a million new US subscribers in the second quarter of this year, and it's now announced that it's added a full two million more streaming members worldwide for the third quarter. That brings the company's global base of streaming subscribers to 29 million, 25.1 million of which are in the US. It's also announced another bump in profits to $8 million in net income, with global revenue of $905 million.