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Netflix pulled in $5.5 billion in revenue for 2014, beats expectations

Netflix pulls in record revenues for 2014, has over 39.1 million subscribers in the US alone
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Jan 21, 2015 7:31 am

Netflix has posted its revenue for both the quarter just passed, and the full 12 months of 2014. The streaming giant thrashed expectations, which had them pegged at $0.45 per share, but Netflix posted $1.35 per share over revenues of $1.48 billion and profits of $83.4 million.

 

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Compared to the same quarter a year ago, Netflix posted just $43 million in profit, or $0.79 per share. Over the entire 12 months, Netflix posted revenues of $5.5 billion. During Q4 alone, the company added 1.9 million subscribers in the US, and 2.43 million overseas for an additional 4.33 million new subscribers. Over the course of the year, Netflix added 39.11 million new subscribers in the US, and 18.28 million subscribers from across the world. Netflix now has a total of 57.39 million subscribers.

 

This has helped the company post its biggest quarter ever, and is a reason why investors love the company so much - continuous, and close to unstoppable growth.

NEWS SOURCES:Techspot.com

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