Netflix has seen an increase in its subscriber base the past year, as well as, more enhancements and more partnerships.
More good news as Q3 2012 earnings of the company improved. Netflix profited more than 500,000 new subscribers in the 2nd quarter and two million just this 3RD Quarter. Amazing! That’s one phenomenal growth there leaving Netflix with now 29 million streaming subscribers. Of the total number, majority are based in the US, about 25.1 million of them.
Global revenue of Netflix is now $905 million. While streaming has done good to Netflix, DVD subscription is down. From last year’s Q2 figure of 9.24 million, it’s now down to 8.61 million last 3rd quarter.
According to Netflix, streaming subscribers have already consumed more than 3 billion hours of content, 2/3 of which where TV shows being streamed.