Two years ago, many investors didn"t want to touch Netflix with a 10 foot pole, thanks to an unpopular decision to charge for both its DVD mail rental business and a separate fee for its streaming media service. Today, Netflix is riding high thanks to a new influx of subscribers and a ton of attention being placed on its original video content.
Netflix reported its earnings and subscriber numbers for the third quarter of 2013 and revealed that it had over $1.1 billion in revenue for the time period, and a net income of $32 million. More importantly, the company now has a total of 40 million subscribers worldwide, including 31 millon in the U.S. and another 9 million in other countries. That"s compared to 29.81 million users in the U.S. in the second quarter and 7.75 international subscriptions.in the same period.
Netflix credited much of its subscriber success in 2013 to its library of original content. That includes Orange Is The New Black, the acclaimed series about a woman dealing with a life in prison. The series will become the most watched show in 2013 among the company"s slate of exclusives, according to Netflix. However, it still refuses to offer concrete viewership numbers for any of its original shows.
Source: Netflix | Image via Netflix