The online entertainment and broadcasting services company «Netflix
Yesterday, its profits declined during the first quarter of this year, compared to the same period last year.
The company stated that its total profits during the first quarter amounted to $1.31 billion, equivalent to $2.88 per share, compared to $1.60 billion, equivalent to $3.53 per share during the same period last year, while analysts had expected profits equivalent to $2.86 per share.
At the same time, the company’s revenues increased during the first quarter of the year by 3.7% annually to $8.16 billion, compared to $7.87 billion last year. The company said it had 232.5 million subscribers in the first quarter, and its new ad-supported subscriptions are doing well.
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