Wednesday July 15, 2015

Netflix Revenue Boosted By Strong Subscriber Growth

Netflix's ability to continually add new subscribers helped the company raise quarterly revenue by almost twenty three percent. The company's net income didn't fare so well.

Netflix, which produces shows such as "House of Cards" and "Orange is the New Black", said revenue rose to $1.64 billion in the second quarter ended June 30, from $1.34 billion a year earlier. The company's net income fell to $26.3 million, or 6 cents per share, from $71 million, or 16 cents per share.