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Netflix now has more subscription revenue than HBO

Netflix passes HBO in subscriber revenue, still massively down on profits (NASDAQ:NFLX)

| Business, Financial & Legal News | Posted: Aug 8, 2014 5:10 pm

Netflix has been clear that it wants to be like HBO, the company is working hard to make that happen. Netflix announced in its most recent earnings report that it has more subscription revenue than HBO, indicating it is well on its way to being more like HBO. That isn't to say that Netflix has profits on the same order as HBO though.

 

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Netflix currently has about one-seventh as much profit as HBO rakes in. As far as subscription revenue goes, Netflix racked up $1.146 billion compared to HBO pulling in $1.141 billion. "They still kick our ass in profits and Emmys, but we are making progress," CEO Reed Hastings wrote. "HBO rocks, and we are honored to be in the same league."

NEWS SOURCES:Recode.net

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