Netflix subscribers up by 1.75 million in the first quarter
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Streaming service Netflix published (.pdf) first-quarter results, reporting a profit of $1.31 billion, or $2.88 per share, and a 3.7% increase in revenue to $8.16 billion. Operating income was $1.7 billion, up from a year earlier. at $1.9 billion. The number of subscribers is up 1.75 million, up 4.9% year-over-year, and Netflix now has a total of 232.5 million subscribers.
The results of the company as a whole coincided with analysts’ forecasts. Netflix forecasts revenue of $8.2 billion for the current quarter and earnings per share of $2.86.
Meanwhile, in its reporting, Netflix announced the closure of the once very popular DVD delivery service to subscribers. This service has been provided since 1998, that is 25 years. During this time, Netflix delivered more than 5.2 billion discs, and the number of subscribers to the service amounted to 40 million. On the very first disc that the company delivered, the film “Beetlejuice” was recorded.
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