Netflix Revenue Tops $1 Billion for the Quarter

NY Times: Netflix on Monday reported that it gained 630,000 new subscribers in the United States in the spring, an improvement over last year during what is traditionally its weakest quarter of the year.

The results were well within the company’s projections, but investors — who had made Netflix the best-performing stock in Standard & Poor’s 500-stock index this year — were hoping for more, sending the stock down more than 7 percent in after-hours trading.

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In2iti0n2934d ago

This is only the beginning of what Netflix wil achieve. It's proven already that this is the way to future of this industry.

Nucky2934d ago

Netflix is not the only one doing this.