20 Jan 2016

Netflix revenue up, gets 4m more subscribers

10:46 am on 20 January 2016

Video-streaming service Netflix Inc has reported a 22.8 percent rise in revenue and added more subscribers than projected internationally for the fourth quarter, as its plan to expand globally pays off.

The company said on Tuesday it added 1.56 million US subscribers in the fourth quarter ended December 31, below the 1.65 million it forecast in October.

Internationally, Netflix added 4.04 million subscribers, compared with its estimate of 3.50 million.

Netflix said revenue rose to $US1.82 billion from $US1.48bn a year earlier.

- Reuters