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Netflix to expand further after passing 50 mln customers
2014-07-22 08:55:00| Telecompaper Headlines
(Telecompaper) Netflix reported second-quarter results slightly better than expected, while announcing the milestone of 50 million subscribers for its streaming video service. The group's streaming revenues rose to USD 1.146 billion from USD 837 million a year ago, as the number of subscribers hit 50.05 million at the end of June. Net profit more than doubled to USD 71 million or USD 1.15 per share, better than the company's outlook of USD 69 million and EPS of USD 1.12. Netflix's growth was driven by its international activities, with the net addition of 1.12 million new streaming customers for a total 13.80 million outside the US. The US base increased by 0.57 million to 36.24 million at the end of June. The rapid growth abroad reduced the loss from the international activities to USD 15.3 million in Q2 and helped convince Netflix to continue the expansion. The company confirmed it will launch in Germany, France, Austria, Switzerland, Belgium and Luxembourg in September. The cost of the launch will swell the international loss to an estimated USD 42 million in Q3. Netflix forecast a net profit for the third quarter of around USD 55 million and revenues at USD 1.224 billion.
Tags: customers
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Munson Machinary to Expand Headquarters
2014-07-21 07:00:00| Coatings World Breaking News
Tags: expand
headquarters
munson
France G¨nes, Hypor Expand Distribution Partnership in France
2014-07-21 02:00:00| ThePigSite - Industry News
FRANCE - France Gènes and Hypor will merge gilt distribution activities from 1 September 2014.
Tags: france
distribution
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Ford to expand aggressively in Middle East & Africa; at least 25 new vehicles by 2016
2014-07-17 19:30:48| Green Car Congress
Black & Veatch hires exec to expand smart grid, analytics tech sectors
2014-07-16 14:36:50| IT Services - Topix.net
Black & Veatch has hired Bob Welch , formerly of Computer Sciences Corp., to lead the engineering firm's effort to expand its services in the smart grid and analytics technology sectors.
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