Thursday, July 16, 2015
Netflix Forecasts 30% Growth
Netflix forecast that it will generate revenue of 1.59 billion US dollars in the third quarter, which would be a year-on-year increase of more than 30%. In the second quarter, revenues rose 29% to 1.48 billion dollars.
"We added a Q2 record 3.3 million new streaming members, compared to 1.7 million in the previous year quarter," Netflix said. "We are making great progress shifting to exclusive content and expanding our original content, which differentiates our service, drives enjoyment for existing members and helps motivate consumers to join Netflix."
"We compete with linear TV, PPV, video piracy, other Internet networks, video gaming and many other sources of entertainment. The recent Sandvine results from North America show that, looking at just the Internet networks segment, we continue to improve faster than others. Note that this data measures peak megabits, not peak viewing hours, so YouTube, for example, with more modest average video quality, is underrepresented in terms of hours." source: Netflix statement
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