Streaming giant Netflix announced last Monday that result for the past quarter have exceeded the expectations. This goes for the revenue, their profit, but also for the number of new users.
In total, 7.4 million new users were attracted last quarter with high growth numbers both inside and outside the US. The revenue in Q1 mounted up to 3.7 billion dollar, of which 290 million was net profit. Extrapolating this to a year basis, it would mean a 40% revenue increase.
As for the reasons why they grew this fast, it's mainly the investments in the in-house production, but also the growing number of partnerships with Telecom providers repackaging Netflix subscriptions in their services.
Source: DataNews
Picture: CNBC