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Netflix profit rises more than doubles

22
Jul
2014

LOS ANGELES (Reuters) – Netflix Incs quarterly profit more than doubled, boosted by the addition of 1.12 million customers to its international movie and TV streaming services. The companys profit rose to $71 million, or $1.15 per share, for the second quarter ended June 30 from $29.5 million, or 49 cents per share, a year earlier. (http://bit.ly/UnqT1D) Revenue rose to $1.34 billion from $1.07 billion, Netflix said in its quarterly letter to shareholders. (Reporting by Lisa Richwine and Lehar Maan; Editing by Joyjeet Das)

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