Netflix Sees Another Record Quarter

Netflix Sees Another Record Quarter

5 years ago
Anonymous $9jpehmcKty

https://wccftech.com/netflix-sees-another-record-quarter/

In their earnings call for Q1 2019, Netflix announces $4.5 billion in revenue and 9.6 million additional paid subscribers.

Netflix (NASDAQ:NFLX) posted their Q1 2019 earnings today, which were slightly above expectations almost across the board. The biggest news was the $4.5 billion in revenue from the quarter, which was another record for the company. The revenue was achieved through two ways, the first was increasing paid subscribers; up 4% from their domestic U.S. market and 10% internationally. The second was the increase in price for the service; this is being phased in over Q1 and Q2 domestically, as well as in different markets internationally as well. Netflix noted that international revenue was 2% lower based on currency fluctuation during the quarter.

Some of the details from the earnings report are below: