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21 Jul, 2014

Profit doubles

Netflix Announcement0 Comments

The company reports that its profits doubled due to an increase in both US and international subscribers. The recent price increase of $1 per month for US subscribers did not deter new users from signing up. The company added 570,000 U.S. customers in the second fiscal quarter, which ended June 30th, surpassing 50 million worldwide subscribers for the first time in the company’s history. It added 1.12 million customers in international markets.

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