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

Monday July 21, 2014

Netflix Q2 Profit Surges As It Surpasses 50M Subscribers

Netflix has surpassed the fifty million subscribers mark. I guess that price hike didn't scare anyone away from the service.

Netflix's profit surged again in the second quarter, more than doubling thanks to yet another quarter with more people than expected signing up for the online subscription video service. But costs of Netflix's move into more countries and television programming held back progress just shy of Wall Street's hopes.