Netflix Announces Phenomenally Successful First Quarter With 2 Million New Users

Netflix stock rose yesterday by a record 24 per cent, which means the company is finally making money again, instead of losing it. Netflix execs attribute the development to the company’s 2 million new subscribers in the last quarter, as well as their recent strategy of focusing on original programming. It looks like the company is finally getting back on its feet after a stock plunge two years ago. Back then, Netflix pushed away customers with the decision to separate its streaming service from its DVD rental service and to raise prices overall. It finally seems like the new strategy is taking effect, as the company announced that it finally topped $1 billion in revenue.

Market ananysts are also giving the service their seal of approval. “Unlike last year, Netflix stock appears to be set for clear sailing now,” Susquehanna Financial Group analyst Vasily Karasyov said in a research note, quoted by The Boston Herald. “What we think is interesting is how the company’s original programming strategy is converging with that of a domestic premium network. … Netflix is racing to ramp up original hours of versatile programming in an effort to build a brand identity with different segments of the market.”

And really, if the company’s first original production, House of Cards starring Kevin Spacey, is anything to go by, that can only spell good things for Netflix users.


Tags: Netflix - Kevin Spacey


More Netflix

Despite Emmy Snub, The Future is Bright for Netflix (Starting with Gervais Ad)

Netflix probably didn't have any deserved winners of major Emmy awards on Monday night (August 25, 2014). 'House of Cards' - which is fast becoming...

Want Something To Do With That Film Degree? Netflix Are Hiring

Love television? Love Netflix? Do you never want to get up and do the whole pesky “life” thing? Well, the online streaming company has a...

Jobs At Netflix, or Anywhere, Probably Don't Get Much Sweeter Than This

We’ve seen dream jobs enter the zeitgeist before; looking after a tropical island, making YouTube videos for a living, being a Blue Peter Presenter. But...

Chelsea Handler Given Netflix Talkshow: "I Wanted To Sit With The Cool Kids"

Chelsea Handler is to be given her own talkshow by Netflix after she leaves E!'s Chelsea Lately in August. The 39 year-old comedian and TV...


'Magic School Bus' To Be Rebooted By Netflix For New Generation

Calling all fans of kitsch and colourful '90s nostalgia as well as, um...children. Netflix has reportedly ordered a reboot of the hit kids sci-fi cartoon...

In Development: The Top 10 Shows You're Going To Want To Look Out For

Since Netflix gained prominence as a fully independent broadcaster in its own right, the doors have been flung open to a hugely varied selection of...

Drew Goddard Out As 'Daredevil' Showrunner, But What Does It Really Mean?

Fans anticipating the upcoming Netflix series ‘Daredevil’ were in for a shake up last week when it was announced that Drew Goddard would be leaving...

Wet Hot American Summer Rumored For Netflix as Sub Service Takes 'The Crown'

In a constant bid to dominate the ever-changing streaming-subscription landscape, Netflix are ordering their first British original drama, The Crown, a series inspired by the...



Netflix Newsletter

Subscribe to this news alert service to receive news and reviews on Netflix

Unsubscribe | Unsubscribe All