Netflix hits the milestone of 75 million subscribers January 20, 2016 - 16:08 AMT PanARMENIAN.Net - Netflix had reason to celebrate on New Year's Day as the streaming service hit the milestone of 75 million subscribers on January 1, Digital Spy reports. That's according to the company's fourth-quarter financial results, which confirm that almost six million people took out memberships during the period in question. The global user figures beat Wall Street's estimates of 5.12 million additional subscribers for the quarter, although Netflix missed its domestic target of 1.62 million new US customers by around 60,000. The figures also suggest that binge-watching is on the rise as 42.5 billion hours of content was streamed in 2015, a massive increase on the 29 billion hours of the previous year - that's a lot of House of Cards episodes. Netflix's revenue for the quarter topped out at $1.67 billion, lower than the forecasted $1.83 billion, but enough to see shares in the company rise by 9% in the wake of the earnings call. "We are thrilled to be available worldwide... What fun we are having making our service popular in Thailand, Poland, Australia, Chile, France and over 180 other countries," said Netflix CEO Reed Hastings in a statement. Going forward, Netflix has pledged to spend more money breaking into new territories following its aggressive expansion during the last quarter.  Top stories The creative crew of the Public TV had chosen 13-year-old Malena as a participant of this year's contest. She called on others to also suspend their accounts over the companies’ failure to tackle hate speech. Penderecki was known for his film scores, including for William Friedkin’s “The Exorcist”, Stanley Kubrick’s “The Shining”. The festival made the news public on March 19, saying that “several options are considered in order to preserve its running”   Partner news |  Related sections Latest news Court in Azerbaijan extends former Karabakh leader’s arrest by 5 months  The Binagadi District Court in Azerbaijan has granted the prosecutor’s petition to extend the arrest of Arkady Ghukasyan.Ucom General Director joins High-Tech Development Panel Discussion The discussion was titled "The Role of International Corporations and Investors as Catalysts for Development of High-Tech Ecosystem."U.S. still believes “peace is possible” between Armenia, Azerbaijan The United States continues to believe that peace is possible between Armenia and Azerbaijan, Vedant Patel says.Dozens detained as antigovernment protest continue in Armenia At least 63 people demanding Prime Minister Nikol Pashinyan’s resignation were detained on May 14 as they blocked streets in Yerevan. |
