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Netflix doubles profits with rising subscriptions

  • Streaming video firm Netflix has reported benefit of $71m in the second quarter, which is more than double the figures for the same period last year. 

    Revenue from its streaming content service increased by around 50% to $1.2bn from last year’s $837m, the company said in a statement.  

    The online video service company has added 1.69 million viewers from March to June, it said. Netflix now has around 50 million users spread across more than 40 countries.

     


    Tagged as: streaming video, Netflix, profits, quarter, revenue, streaming content, online video, viewers, business news