Yesterday Netflix announced its third quarter earnings, and much to everyone’s pleasant surprise, the company again beat all predictions. The company ended the quarter with 16,933,000 subscribers, a growth of 52 percent year-over-year, and a growth of 13 percent from the 15,001,000 subscribers they had at the end of the quarter. The addition of 1,932,000 in the third also showed growth has picked up as in the same quarter last year the company only added 510,000 new subscribers in the same time period.
As for revenue, the third quarter of 2010 was a total of $553.2 million, which was a 31 percent year-over-year growth from $423.1 million for the third quarter of 2009, and 6 percent sequential growth from $519.8 million for the second quarter of 2010.
Where it gets interesting is when you look at what the company wants to do in the future. Two significant hints were dropped in the company’s management notes that accompanied its filing with the Securities and Exchange Commission. On the note of whether or not the company might finally offer streaming-only subscriptions, “Pure streaming could become our core offering in the USA, and DVD would be offered as a supplement for an additional charge, like we offer Blu-ray today. We’ll know by the holiday season if consumers would prefer this more streaming-centric approach.”
The other major change could come in the form of expanding outside of the United States and Canada. “If we continue to gain confidence in a large return on our Canadian investment, and we have confidence in the financial return on further geographic expansion, then we’ll look to grow beyond North America starting in the second half of 2011. In that case, we would invest approximately $50m for beyond-North-America expansion in the second half of 2011, and our addressable market would increase significantly.”
It definitely looks like the concepts of the company being a DVD-by-mail company only in the United States are definitely going by the way side. The only questions now are how much a streaming-only subscription would cost in the USA and what other countries they are eying for expansion.
What say you? What countries do you think Netflix might target next?
The Galaxy S20 Ultra's Space Zoom camera is amazing and a bit creepy
The Galaxy S20 Ultra supports up to 100X zoom, which Samsung calls Space Zoom, but is it any good? Can a phone really product usable photos at 100x zoom? We've got our Galaxy S20 Ultra already so join us to find out!
Win an iPhone, iPad and Apple Watch with the Reader's Choice giveaway!
What's the best phone of 2019? Is it the iPhone 11 Pro, Pixel 4 or OnePlus 7T? What about the best laptop, games console, tablet and more? Vote NOW in the Reader's Choice awards and win BIG in time for the holidays!
Here are the best products from IFA 2019!
Here are the products announced at IFA 2019 that were worthy of our Best of IFA 2019 awards. Also featuring MrMobile's single best product at the show!
Streamline your veggie prep with the best salad spinners
No more excuses for skipping out on salads because they take too much work. These salad spinners will shorten your prep time for one or many servings at once.