Profit rises in second quarter for Netflix
The company's revenue for the period rose 15.9 per cent to US$11.08 billion, from US$9.56 billion last year.
WASHINGTON - The profit of the United States (US) based video streaming service provider Netflix rose in the second quarter, the company said on Thursday, reported German Press Agency (dpa).
The company's revenue for the period rose 15.9 per cent to US$11.08 billion, from US$9.56 billion last year.
The company's bottom line totalled US$3.125 billion, or US$7.19 per share. This compares with US$2.147 billion, or US$4.88 per share, last year.
In the third quarter, Netflix expects revenue growth of 17 per cent, driven by growth in members, pricing and advertising revenue, it said in a letter to shareholders.
While it no longer provides information about the number of customers, the company said members watched over 95 billion hours on Netflix in the first half of the year, a 1 per cent increase year over year.
It highlighted that series including "Squid Games," "Ginny and Georgia" and "Mad Unicorn" as popular watches throughout the quarter.
German film "Exterritorial" is Netflix's fourth most popular non-English language film on the service, with 89 million views, the company added. - BERNAMA-dpa
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