Netflix Q1 Streaming Revenue Tops $2.5 Billion, Adds 5 Million Members
The streaming giant posted stellar financials for the first quarter of 2017.
Yesterday Netflix (NASDAQ: NFLX) announced its first quarter 2017 financials with $2.52 billion in revenue, compared to $1.81 billion in revenue for the first quarter of 2016. In addition, the streaming video giant added 4.95 million net new members, bringing total memberships to 98.75 million. Other quarterly highlights include total revenue of $2.64 billion, compared to $1.96 billion, year-over-year (streaming represents $2.52 billion of the total; DVD rentals make up the difference.)
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