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July 25, 2012 12:51 am GMT
Netflix announced that it returned to profitability in the second quarter, after a slight dip into the red during the prior three-month period. But despite slower-than-expected subscriber growth, the company said it is committed to pushing forward into a new market in the fourth quarter. Netflix added almost 600,000 international streaming customers in the second quarter, ending with 3.6 million outside the U.S. But that's lower than its forecast from the first quarter. Nevertheless, Netflix remains committed to adding an additional market by year-end, which is expected to push it into the red again.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/_evGILR0_Do/
Despite Slower-Than-Expected Subscriber Growth, Netflix Pushes Forward With International Plans
Netflix announced that it returned to profitability in the second quarter, after a slight dip into the red during the prior three-month period. But despite slower-than-expected subscriber growth, the company said it is committed to pushing forward into a new market in the fourth quarter. Netflix added almost 600,000 international streaming customers in the second quarter, ending with 3.6 million outside the U.S. But that's lower than its forecast from the first quarter. Nevertheless, Netflix remains committed to adding an additional market by year-end, which is expected to push it into the red again. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/_evGILR0_Do/
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