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Netflix doubles its profits as it reaches 50 million members

22
Jul
2014

Netflix reported its second quarter earnings today, and the big number was 50 million members. Not all of these are paid subscribers: there are roughly 2 million customers that are enjoying free trial accounts, but its still an important milestone as Netflix expands around the globe and does battle with big cable and telecommunications companies in the US. The company reported 1.34 billion in revenue and earnings per share of $1.15, both numbers right on line with Wall Streets expectations. Netflix now has 36.24 million US subscribers and 13.8 million international subscribers.

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