Netflix said Monday it added some five million new subscribers over the past three months as profits doubled, in a quarterly update that sent shares of the streaming video giant higher.
California-based Netflix ended the third quarter with more than 104 million paid subscribers, with international memberships hitting 52.7 million and overtaking the number of US subscribers.
Net profits meanwhile jumped to $129 million, more than double the figure from the same period a year ago for the video giant known for "House of Cards," "The Crown" and other original shows that are part of its library.
Revenues in the quarter rose 30 percent from a year ago to $2.98 billion, Netflix said.
"We are growing nicely across the world and are on track to exceed $11 billion in revenue in 2017," a letter to shareholders said.
Streaming has entered its profit-maximization period. For audiences, has the bliss point already been passed?
(Score: 2) by DannyB on Thursday October 26 2017, @01:02PM
This is increasingly common. Most of the time, the article is not something important enough to unblock the ads -- which definitely means it is not important enough to subscribe to.
I'll live. I lived decades of my life before the web, before smart phones. I was happy and productive. I spent eight years of the 1980's not watching any TV -- none, zero. Starting in '89, I heard of various TV shows on Usenet that I had never seen. In the '90's my spouse wanted TV, and I saw more references to "old" '80's TV shows that I had never watched.
I strongly suspect if what you say is true, then there will be a growth of free sites. Sort of like how Open Source was the antidote to the stranglehold of the Microsoft monopoly in the 80's and 90's. At the time, it seemed like the stranglehold would never be broken. But in the open source world you could always see continuous steady progress.
The lower I set my standards the more accomplishments I have.