Original article by Max Mason
The Australian Financial Review – Page: 18 : 20-Jul-16

US-based Netflix has posted a profit of $US40.8 million for the June 2016 quarter, which is 54.8 per cent higher than the same period in 2015. However, Netflix increased its global subscriber base by just 1.7 million during the quarter, compared with its own expectations that it would gain 2.5 million customers. An increase in its prices also resulted in a rise in Netflix’s customer churn rate. The company has noted that lower growth in international subscribers was to be expected after it launched in markets such as Australia in 2015.

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