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.


Contactmusic

Tags: Netflix - Kevin Spacey


Editors Recommendations

Is The Cannes Palme d'Or Heading David Cronenberg’s Way for 'Map to the Stars'?

The Cannes Film festival is sneaking up fast. The Oscars felt like they were 8 minutes ago...

Is The Cannes Palme d'Or Heading David Cronenberg’s Way for 'Map to the Stars'?

CounterPoint Festival 2014 To Feature Hometown Return of Outkast

Next weekend's CounterPoint Festival will be the event's first year at a new 5000-acre site, featuring...

CounterPoint Festival 2014 To Feature Hometown Return of Outkast

'The Amazing Spider-Man 2' - Not Perfect, But Really, Really Fun

Superhero movies have been striving towards the almost unobtainable goal set...

'The Amazing Spider-Man 2' - Not Perfect, But Really, Really Fun

Ricky Gervais is "Hooked" on David Brent Again - Former Paper Merchant To Return

A return for David Brent has been mooted ever since the character was wheeled...

Ricky Gervais is

This Labor Day, Jay Z Is Bringing "Made In America" To Downtown Los Angeles

Jay Z and the Mayor of Los Angeles Eric Garcetti have announced that the rapper’s...

This Labor Day, Jay Z Is Bringing

Anna Wintour wants 'more exclusive' Met Ball 2014

The editor-in-chief of US VOGUE magazine is reportedly determined for the annual...

Anna Wintour - Anna Wintour wants 'more exclusive' Met Ball 2014

'Mrs Doubtfire' Sequel Will Be Made 21 Years After The Original

The comedy classic 'Mrs. Doubtfire' is reportedly set to return to the big-screen...

'Mrs Doubtfire' Sequel Will Be Made 21 Years After The Original

'Of Mice And Men' Brings Out Broadway Talents Of James Franco, Chris O'Dowd

Of Mice And Men premiered on Broadway last night, giving critics a chance to cast...

'Of Mice And Men' Brings Out Broadway Talents Of James Franco, Chris O'Dowd

Sofia Vergara On Her Menage a Trois in Woody Allen's 'Fading Gigolo'

Sofia Vergara has been speaking about her nerves at shooting a ménage a trois with...

Sofia Vergara On Her Menage a Trois in Woody Allen's 'Fading Gigolo'


More recommendations

Comments

Netflix Newsletter

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

Unsubscribe | Unsubscribe All