Original article by Tim Bradshaw
The Australian Financial Review – Page: 23 : 18-Apr-18
US-based streaming video giant Netflix has posted net income of $US290m for the March quarter, which is 63 per cent higher than previously. Revenue rose by 40 per cent to $US3.7bn, while Netflix has forecast revenue of $US3.9bn for the June quarter. The company has also advised that revenue for its international operations is expected to be $US1.94bn in the June quarter, while US revenue is forecast to be $US1.9bn. Netflix’s total subscriber base rose by 7.4 million in the March quarter, to 125 million.
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