Netflix's quarterly earnings quadrupled - Brownsville Herald

class=”dateline”> SAN JOSE, California, USA – Netflix reported Monday that its revenue quadrupled since the original programming subscription service Internet video attracted 1.3 million new subscribers during the last quarter.

financial results July to September announced Monday are the latest evidence of the growing popularity of Netflix because their catalog includes exclusive programs of wide appeal. The strategy has won praise among investors, which has increased by four market value of the company so far this year.

Shares of Netflix rose Monday $ 36.32 per unit (over 10 to stand at 391.31 in electronic trading after the market close.

Investors increasingly see Netflix as a leader in a technological revolution that will redefine the entertainment landscape for decades to come.

The company is based in Los Gatos, California, continues to attract new customers who pay $ 8 a month for video service that allows you to view TV shows and movies on any device connected to the Internet. Some are so pleased they have canceled their subscriptions to cable television and satellite, which are more expensive.

Netflix ended September with 31.1 million subscribers, which exceeded the estimated 29 million who have HBO, the pay-TV channel with 41 years old in the United States.

HBO, owned by Time Warner Inc., remains the leader in subscribers worldwide, with 114 million.

Netflix Inc., by contrast, has 40.3 million subscribers worldwide after adding 1.44 million customers in other countries in the July-September quarter. The company’s service is available in 41 countries and plans to enter the market of another continent, in an unidentified country next year.

The third quarter includes a period in which two series were screened exclusive, both critically acclaimed “Orange Is The New Black” and “Derek”.

In a letter released Monday to report quarterly results, Netflix predicted that “Orange Is The New Black” finish the year as the most-watched program, moving to “House of Cards”, another hit released this year that won three Emmys.

Netflix

won in the quarter $ 32 million, equivalent to 51 cents per share. In the same period last year had revenues of 7.7 million, or 13 cents per share.

Analysts polled by FactSet expected revenue consultancy lower this quarter, 48 cents per share.

Revenues increased 22% from the same quarter last year to reach 1,100 million, in line with analyst estimates.