By Michael Liedtke | The Associated Press NETFLIX’S subscriber and earnings growth accelerated in its latest quarter as the video streaming service benefits from a crackdown on freeloading viewers, an expansion into advertising and an acclaimed programming lineup.
NETFLIX’S subscriber and earnings growth accelerated in its latest quarter as the video streaming service benefits from a crackdown on freeloading viewers, an expansion into advertising and an acclaimed programming lineup.
And Netflix is still financially thriving. The company’s profit in its latest quarter rose 44 percent from last year to $2.15 billion, or $4.88 per share—a figure that exceeded the estimates of analysts polled by FactSet Research. Revenue climbed 17 percent from last year to $9.56 billion, also eclipsing analysts’ projections.
Given that the competition in video streaming seems to be ramping up again, Investing.com analyst Thomas Monteiro called “the lowering of guidance an intelligent strategy for keeping excitement put amid sky-high expectations.”
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