Netflix Tops $1B in Q1, Has 34 Million Paying Subscribers
Netflix garnered more than $1 billion in the first quarter of 2013, according to recent earnings reports, mainly from subscription revenue from its 34 million worldwide subscribers (of those subscribers, nearly 30 million are in the U.S.). However, the company only made $3 million in profit, likely because of the video streaming subscription site’s decision to invest heavily in international growth and expansion in 2012. The company also took the time during its quarterly earnings report to…
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