Video service Netflix raised its quarterly income by 22.8% to $1,82 billion

Video service Netflix raised its quarterly income by 22.8% to $1,82 billion


NEW YORK, January 20. /Corr. Alexey Kachalin/. Popular U.S. online cinema Netflix, which, since the beginning of this month began to work in Russia, increased its revenue to $1,82 billion in the fourth quarter of last year, 22.8 percent more than in the same period in 2014 to $1.48 billion the company reported in the published on Tuesday its quarterly report.

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Video service Netflix started its work in Russia and in more than 130 countries

However, net profit for the period amounted to $43,18 million compared to $83.4 million a year earlier.

According to the report, over the last quarter, the number of Netflix subscribers increased by 5,59 million people. It exceeds the expectations of the company, which in October last year predicted the increase of this index of 5.15 million people. The company intends to continue expanding its activities worldwide until the end of the current year.

Netflix shares have risen by almost half over the past year. On the new York stock exchange on Tuesday, their share prices increased by 8% to $116,55.

In early January, CEO reed Hastings in Las Vegas (Nevada) announced the beginning of work of the service more than 130 new countries, including Russia and Azerbaijan. So, Netflix has expanded its coverage to about 190 countries. One exception was China, the release of Netflix on the market is delayed. In July of last year, the company considered the possibility of delays. However, Hastings has confirmed that plans remain valid and their implementation will require more careful negotiations with the PRC authorities on the issue of peculiarities of content.

California-based Netflix, until recently, has worked in more than 60 countries. At the time of application Hastings, her clients were 71 million people. Netflix is the representative of the new generation of multimedia TV companies that offer their products (movies, shows, and sitcoms), using “streaming” (streaming) technology. Accept such a signal to various electronic devices, including computers, smartphones, and other mobile platforms.