Subscribe free to our newsletters via your




INTERNET SPACE
Netflix membership surges past 60 million
by Staff Writers
San Francisco (AFP) April 15, 2015


Netflix on Wednesday reported an unprecedented jump in subscribers in the first quarter of this year, pushing the streaming television service membership above 60 million.

Milestones included passing the 40-million member mark in the United States and the 20-million mark internationally, pushing the number of subscriptions to its streaming television service above 62 million overall, according to quarterly earnings figures.

Netflix shares vaulted 13 percent in after-hours trade on the news, despite reporting a profit that was dragged down by currency changes.

"Our original series, documentaries and comedy specials are being enthusiastically received, and member engagement is at an all-time high," Netflix said.

"Members streamed 10 billion hours in (the first quarter), more evidence that consumers around the world are embracing the Internet TV revolution."

Netflix added a record 4.9 million new members globally during the first three months of this year.

A strong US dollar hurt financial results during the quarter, with foreign exchange "headwinds" offsetting better-than-expected subscriber growth, the California-based company reported.

Netflix's international streaming business posted a loss of $65 million and was expected to have a loss of $101 million in the current quarter, earnings figures indicated.

Netflix reported an overall profit of $24 million in the quarter as compared with $53 million in the same period a year earlier.

Netflix remained confident in its strategy of building its reputation and ranks of subscribers with original content such as "House of Cards" and "Orange is the New Black."

The company said it is not worried about competition from freshly launched HBO Now.

"Netflix and HBO are not substitutes for one another given differing content," Netflix said.

"We think both will continue to be successful in the marketplace."

Video streaming services that are or may be offered by titans such as Sony or Apple were seen by Netflix as competing more with pay television bundles.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Satellite-based Internet technologies






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





INTERNET SPACE
PC sales resume slide in 2015: surveys
New York (AFP) April 9, 2015
Global sales of personal computers resumed their downward trajectory in early 2015 after a modest uptick late last year, surveys showed Thursday. A survey by Gartner showed worldwide PC shipments totaled 71.7 million units in the first quarter, a 5.2 percent decline from the same period a year ago. A separate report by IDC showed a steeper 6.7 percent drop in the quarter to 68.5 million ... read more


INTERNET SPACE
Honeywell emergency signal tracking system passes testing

Aid agencies ready for Yemeni refugee influx in Horn of Africa

Chemical plant blast, anti-pollution protest in China

Radiation from Fukushima detected off Canada west coast

INTERNET SPACE
China to launch three or four more BeiDou satellites this year

Two new satellites join the Galileo constellation

China launches upgraded satellite for independent SatNav system

India Launches Fourth Satellite in Effort to Develop Own Navigation System

INTERNET SPACE
Ancient human fossils from Laos reveal early diversity

The rest of the brain gets in the way

If your kid hates school, it just may be their genes

'Little Foot' 3.67 million years old

INTERNET SPACE
Ecological flash mobs

Study details animals' ability to adapt to cold snaps

Florida takes aim at cat-eating African lizards

Lizards are larger and retain heat longer in high-altitude habitats

INTERNET SPACE
Inkjet could produce tool to identify infectious diseases

Complex bacterial challenge in fight against deadly amphibian disease

Designer molecule lowers HIV levels: trial results

Meningitis epidemic kills 45 in Niger

INTERNET SPACE
China to 'blacklist' its unruly tourists: report

Parents in last minute plea for release of China feminists

China TV host suspended over insulting Mao

Let the red flag fly over Tibet monasteries: Communist chief

INTERNET SPACE
Sagem-led consortium intoduces anti-piracy system

INTERNET SPACE
Japan's ruling camp wins local polls in 'Abenomics' litmus test

IMF: India, Japan to drive Asia as China slows

China-led bank starts with 57 members, Norway included

China's Q1 GDP growth slows to 7.0% on-year: govt




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.