Netflix grew its subscribership to more than 40...
Netflix grew its subscribership to more than 40 million globally in Q3 ended Sept. 30 from under 30 million a year ago, it said Monday. Domestic members grew to 31.1 million from 25.1 million at the end of Q3 last…
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year and 29.8 million at the end of Q2 this year. Subscribers in other markets grew to 9.2 million from 4.3 million at the end of Q3 last year and 7.8 million at the end of Q2 this year. The international growth was due to the company’s expansion into the Nordic markets and the Netherlands since last year’s Q3, as well as growth in existing markets, Netflix said in a letter to shareholders posted at its website. Revenue grew to $1.1 billion from $905.1 million in Q3 last year. Profit soared to $31.8 million, or 52 cents a share, from $7.7 million, or 13 cents a share. The company will launch in new markets next year, it said, without saying which. Netflix expects to double its investment in original content in 2014, but that will still be less than 10 percent of total global content expense, it said.