Netflix is hot and is taking their service around the world

by Scarlett Madison October 22, 2013, 4:10 AM 1000 Views

They’re the talk of Wall Street and the blogging world alike. Now, Netflix will be capitalizing on their success by hitting more remote areas of the world.

Netflix announced Monday that it now has more than 40 million subscribers worldwide, compared to less than 30 million just a year ago. A significant part of that growth has been its international presence, which grew to a total of 9.2 million subscribers in the company’s Q3 2013, from just 4.3 million a year ago.

At the same time, Netflix managed to remain profitable, with a net income of $32 million and revenue of $1.1 billion, despite still investing heavily into its international markets. For the company, this means that it will now pursue additional markets in 2014.

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Written by Scarlett Madison

Scarlett Madison is a mom and a friend. She blogs for a living at Social News Watch but really prefers to read more than write. Find her on Twitter, Facebook, and Pinterest.