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.
Two Takes
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Netflix is hot and is taking their service around the world
Gigaom
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Published October 22, 2013
TECHi's Take
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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