Netflix released their financial results for the first quarter of 2015, and they are pretty interesting.
One small fact that makes it so interesting is that the company announced that they added a massive 4.9 million subscribers in Q1, that’s a huge number for the streaming service, and as a result it has seen a rise in hours streamed and of course revenue.
2.3 million of these new subscribers resided in the US, and the other 2.6 million where users from outside of the US.
Netflix now has a total of 62.3 million subscribers.
We achieved several major milestones in Q1: surpassing 40 million members in the US; 20 million
internationally; and 60 million in total. Our original series, documentaries and comedy specials are being enthusiastically received, and member engagement is at an all-time high. Members streamed 10 billion hours in Q1, more evidence that consumers around the world are embracing the Internet TV revolution.
To cap it all off, Netflix revealed that their revenue for the first quarter of 2015 was $1.57 billion, with their earnings per share of $0.77. The market had expected the company to earn and $0.69 per share on revenue of $1.57 billion.